Solid session for AT&T generates 2.31% gain yesterday

A quick look at yesterday: the telecoms multinational went up to $15.5, gaining 2.31%.

• Daily trading volume (49.23 million shares) was higher than the current multiday average of 35.53 million.
• AT&T discloses 27.75 cents per share dividend to be paid on Monday, May 1st

With around 3 days until market open on the New York Stock Exchange, yesterday's session was notable in that S&P 500 built upon its previous close around 4,151.28 to gain 1.3%, before closing the session at 4,205.45. AT&T's gains were in line with the Communication Services sector which was up 0.271% as a whole.

The telecommunications, media and technology services provider has shed 19.09% over the past three months. So far this year, it has been doing worse than the S&P by 26.68%. The telecoms multinational's market cap currently stands at $110.81 billion with an average daily trading volume of 35.53 million shares. AT&T has a forecast of $30.26 billion with an EPS of 58 cents.

Also, the firm paid out a quarterly dividend of 27.75 cents per share on Monday, May 1st to all active shareholders as of Monday, April 10th. Eligible investors secured a quarterly dividend yield of 7.16% for this year.

This rally in AT&T's share price coincided with other communication services stocks as Netflix was up 5.54%. Meta Platforms was up 3.7%. Alphabet was up 0.87%.