Reported about 21 hours ago
AT&T shares surged to a three-year high following CEO John Stankey’s announcement of a new growth plan focusing on expanding its 5G and fiber networks, alongside maintaining its annual dividend of $1.11 per share. With significant expected investments of $22 billion over the next three years, the company aims to double its fiber network and extend its 5G reach to 200 million homes, forecasting a rise in free cash flow to $18 billion by 2027. Stankey emphasized a commitment to enhance shareholder returns, targeting $40 billion through dividends and buybacks in the period ahead.
Source: YAHOO