NEW YORK, January 2, 2026, 15:26 ET — Regular session
AT&T (NYSE:T) shares fell 0.6% to $24.68 on Friday, down from a prior close of $24.84, as of 3:10 p.m. ET. The stock traded between $24.50 and $24.87, with about 15.9 million shares changing hands.
The move came in a mixed U.S. session to start 2026, with the S&P 500 proxy SPY up 0.2% and the tech-heavy QQQ down 0.1% in afternoon trade.
“Stocks trade expensive on 18 of 20 measures,” Savita Subramanian, Bank of America’s equity and quant strategist, wrote in a note, as investors weighed the Federal Reserve’s path and upcoming labor-market data. 1
Telecom peers were mixed. Verizon fell 0.1% while T-Mobile slid 1.3%, even as the iShares U.S. Telecommunications ETF gained 0.6%.
AT&T’s tape can act like a rate trade at times, with its steady dividend drawing income investors when bond yields fall and losing some appeal when yields climb.
The company’s board declared a quarterly common-stock dividend of $0.2775 per share, payable Feb. 2, 2026, to shareholders of record as of Jan. 12, 2026, AT&T said. 2
The next company-specific checkpoint is late this month. AT&T has scheduled its fourth-quarter earnings call for Jan. 28 at 8:30 a.m. ET, according to its investor events calendar. 3
Investors typically focus on wireless subscriber trends and broadband momentum, along with how much the company is spending on its network build.
A key line item is free cash flow — the cash left after operating costs and capital spending — because it helps fund dividends and reduce debt.
Competitive pricing remains a swing factor across U.S. wireless, where promotions can pull customers in but pressure margins.
Into the close, AT&T was trading near the lower end of its day’s range, a setup technicians often watch for either a late bounce or follow-through selling.
For traders, the near-term calendar is heavy: macro data that can move rate expectations, and AT&T’s upcoming results that will reset the market’s view on cash generation and shareholder returns.
