AT&T’s (NYSE:T) stock recently hit a new 52-week high, closing in at $29.04, marking a significant rally for the telecommunications giant. Over the past year, the company’s shares have surged approximately 53.77%, reflecting strong investor confidence amid a competitive telecom sector. AT&T’s solid financial footing, demonstrated by annual revenues of $122.9 billion and a price-to-earnings ratio of 17.6, supports this positive momentum.
In recent developments, AT&T declared a quarterly dividend of $0.2775 per common share, payable on August 1, 2025. The company also announced dividends on its preferred stock, with Series A and Series C shareholders receiving $312.50 and $296.875 per share, respectively.
On the legal front, a U.S. judge granted preliminary approval to a $177 million settlement resolving data breach lawsuits that affected millions of AT&T customers. Looking ahead, the company’s CFO is set to outline AT&T’s strategic growth initiatives at the upcoming Mizuho Technology Conference, with a focus on expanding network infrastructure and enhancing customer experience.
AT&T’s ambitious fiber rollout aims to reach around 60 million locations by 2030, supported in part by its recent acquisition of Lumen’s Mass Markets fiber internet division. Capital expenditures for Q2 2025 are projected between $4.5 billion and $5 billion, alongside an anticipated free cash flow near $4 billion.
Moreover, the company confirmed a $10 billion share repurchase program, targeting at least $3 billion in common stock buybacks by year-end. Despite recent critiques from former President Donald Trump concerning service reliability, AT&T remains committed to strengthening its core operations and network capabilities.