30 Growing Dividend Stocks with Low PE Ratios

12. AT&T Inc. (NYSE:T)

Forward P/E Ratio as of April 22: 12.97

AT&T Inc. (NYSE:T) is an American telecommunications company that offers a wide range of related products and services to its consumers. The stock is outperforming the broader market this year, surging by over 18% since the start of 2025.

In the fourth quarter of 2024, AT&T Inc. (NYSE:T) delivered stable performance, with revenue edging up 0.6% year-over-year to $32.3 billion. Operating income came in at $5.3 billion, while net income totaled $4.4 billion. The company added 482,000 new postpaid phone subscribers and maintained an industry-leading postpaid churn rate of just 0.85%. Revenue from mobility services grew 3.3% to $16.6 billion compared to the same period last year. Meanwhile, AT&T Fiber continued its strong run, bringing in 307,000 new customers, marking the 20th consecutive quarter of over 200,000 net additions.

AT&T Inc. (NYSE:T)’s cash position also came in strong, as it reported an operating cash flow of $11.9 billion, and its free cash flow amounted to $4.8 billion. The company pays a quarterly dividend of $0.2775 per share and has a dividend yield of 4.12%, as of April 22.