Dividend Aristocrat AT&T (T) will raise its quarterly dividend by 2.0 percent to $0.50 quarterly. This marks the 34th consecutive year of dividend increases by T. The new yield for AT&T is 5.2%.

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

“Our strong cash flows and outlook for the business allow us to raise our dividend for the 34(th) 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.

AT&T Inc. is a global provider of communications and digital entertainment. The company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide. Its services and products include wireless communications, data/broadband and Internet services, digital video services, local and long-distance telephone services, telecommunications equipment, managed networking, and wholesale services. AT&T is a Dow 30 company and a Dividend Aristocrat.