AT&T Inc. (NYSE:T) is set to expand its presence within the Lone Star State, announcing its common stock will be dual-listed on NYSE Texas, a new electronic equities exchange headquartered in Dallas, Texas. This strategic move, effective August 1, 2025, will see the telecommunications giant retain its primary listing on the New York Stock Exchange, continuing to trade under the familiar “T” ticker symbol on both prestigious exchanges.
Deepening Texas Roots
AT&T Chairman and CEO John Stankey emphasized the significance of this dual listing, highlighting the company’s deep-seated ties to North Texas, which serves as its global headquarters. “Our commitment to Texas and its dynamic business environment is unwavering,” Stankey stated, underscoring the state’s crucial role in AT&T’s operational and strategic future. This expansion onto a Texas-based exchange reflects a growing trend of companies aligning their listings with their core operational hubs and demonstrates AT&T’s commitment to the state’s burgeoning financial sector.
A Longstanding NYSE Relationship
The decision to dual-list on NYSE Texas does not signify an abandonment of its historical relationship with the New York Stock Exchange. In fact, AT&T’s connection with the NYSE dates back an impressive 114 years, to 1901. This enduring partnership underscores the company’s long-term stability and its deep integration within the established financial markets.
Significant Investment and Community Impact in Texas
AT&T’s commitment to Texas extends far beyond its stock listings. Between 2020 and 2024, the company made substantial investments in the state’s infrastructure, pouring nearly $13 billion into its Texas network improvements. This significant capital infusion has undoubtedly enhanced connectivity and service for millions of Texans. Furthermore, AT&T’s dedication to the community is evident in its philanthropic efforts. Over the same period, the company contributed over $43 million in donations, with a specific focus of $11 million earmarked for initiatives aimed at bridging the digital divide across the state. These contributions highlight AT&T’s role not just as a business leader, but as a key partner in Texas’s social and economic development.
Financial Strength and Shareholder Value
Financially, AT&T continues to demonstrate robust performance. The company generates an impressive $124 billion in annual revenue and offers a compelling dividend yield of 4.04%. This consistent shareholder return is further underscored by a remarkable 42-year history of uninterrupted dividend payments, showcasing the company’s financial stability and commitment to rewarding its investors.
Texas Employment and Economic Footprint
The economic impact of AT&T within Texas is substantial. The company employs approximately 24,000 individuals across the state, contributing significantly to the local workforce and economy. Its physical presence includes 14 Connected Learning Centers statewide, dedicated to providing educational resources and fostering digital literacy within communities.
Founding Member of NYSE Texas
AT&T’s role in the establishment of NYSE Texas is particularly noteworthy. As a founding member, the company’s participation signals its belief in the potential of this new exchange to foster economic growth and innovation within Texas. This proactive engagement positions AT&T at the forefront of financial market development in the region.
Positive Financial Outlook
Adding to the positive news, AT&T recently reported its second-quarter 2025 financial results, which surpassed analyst expectations. The company experienced strong equipment sales and saw its EBITDA forecasts bolstered by a resilient wireline business. Strategic benefits derived from tax savings also contributed to the favorable financial outcomes. Analysts have responded enthusiastically to these results, with firms like Wolfe Research and Evercore ISI increasing their price targets. These positive revisions acknowledge AT&T’s successful strategic shift towards high-growth areas such as fiber optic deployment and mobile services, signaling a bright future for the company.
The dual listing on NYSE Texas represents a significant milestone for AT&T, reinforcing its commitment to its home state while maintaining its strong ties to national and international financial markets. This move, coupled with its recent financial successes and ongoing investments, positions AT&T for continued growth and leadership in the telecommunications industry.
