AT&T Increases Quarterly Dividend 2 Percent

34th Consecutive Year of Dividend Increases Reflects Strong Cash Flows

The board of directors of AT&T Inc.* (NYSE: T) has approved a 2.0% increase in the company’s quarterly dividend.

AT&T’s quarterly dividend will increase from $0.49 to $0.50 per share. The annual dividend will increase from $1.96 to $2.00 per share.

“Our strong cash flows and outlook for the business allow us to raise our dividend for the 34th consecutive year. We’re committed to returning value to our shareholders, and we’re pleased to deliver yet again,” said Randall Stephenson, chairman and CEO, AT&T Inc.

The dividend is payable on Feb. 1, 2018, to stockholders of record at the close of business on Jan. 10, 2018.

*About AT&T

AT&T Inc. (NYSE: T) is a holding company. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information about AT&T Inc. is available at about.att.com.

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AT&T Inc.Erin McGrath, [e-mail]