10 Things AT&T Wants Investors to Know
AT&T (NYSE: T) stunned investors last month with two announcements. First, it plans to spin off WarnerMedia and merge it with Discovery (NASDAQ: DISCA) (NASDAQ: DISCK), ending its costly attempt to become a media powerhouse following its acquisition of Time Warner in 2018.
Second, it announced it would reduce its dividend after the spinoff, ending its 36-year streak of annual dividend hikes and exiting the elite group of Dividend Aristocrats. AT&T claims the cut reflects its divestment of WarnerMedia, and the reduction will be offset by newly issued shares of the spinoff.
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Source Fool.com
