AT&T Increases Dividend 2.2 Percent

30th consecutive annual increase in the quarterly dividend reflects strength of cash flows, commitment to return value to stockholders

Dallas, Texas, December 13, 2013

AT&T Inc. (NYSE:T) announced today that its board of directors has approved a 2.2 percent increase in the company’s quarterly dividend to stockholders.

AT&T directors increased the quarterly dividend rate from $0.45 to $0.46 a share on a quarterly basis, or an increase from $1.80 to $1.84 a share on an annualized basis.

“Returning value to our shareholders is one of AT&T’s top priorities,” said Randall Stephenson, chairman and CEO of AT&T. “We’ve now increased the quarterly dividend for 30 straight years. During this time, we’ve seen swings in the financial markets and we’ve led tremendous investment in new technologies that have transformed the industry. As we’ve done these things, we’ve also maintained one of the strongest balance sheets in the industry supported by strong cash flows. This financial strength has helped us honor our commitment to our owners.”

The dividend will be payable on Feb. 3, 2014 to common stockholders of record on Jan. 10, 2014.