This is payable Feb 1 for shareholders on record Jan 10 (ex-dividend date Jan 9)
AT&T keeps its tradition of increasing the annual dividend by 4 cents a share (1 cent a quarter) every December. Even though the increase is small in terms of percentage, the good part is that the base this is being increased upon is well above a 5% yield.
The market meanwhile continues to go up everyday in anticipation of the tax deal. Value investors like me are both happy because existing positions are doing well, but not so happy because fair value is harder to find with every passing day in this red hot market.