Share Name Share Symbol Market Type
AT&T Inc NYSE:T NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.22 -1.15% 18.97 19.06 18.855 18.99 33,466,601 00:59:20

AT&T Declares Stock Dividend to Effect Spin-Off of WarnerMedia Interest

25/03/2022 9:40pm

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By Maria Armental

AT&T Inc. declared a stock dividend in connection to the planned WarnerMedia merger with Discovery Inc.

On the closing date of the transaction, which AT&T said it expects in April, AT&T shareholders will receive an estimated 0.24 share of stock in Warner Bros. Discovery Inc. for each share of AT&T.

The record date for the stock dividend, which AT&T said would be tax free, is currently April 5.

Two-way trading for AT&T stock is expected to begin on April 4. During the two-way trading period, AT&T shareholders also have the option of selling the right to receive WBD shares while retaining their AT&T shares. Those trades will settle after the WarnerMedia-Discovery transaction closes.

 Write to Maria Armental at 

(END) Dow Jones Newswires

March 25, 2022 17:25 ET (21:25 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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