Buy
Sell
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

Dow Jones News


AT&T (NYSE:T)
Historical Stock Chart


From Dec 2021 to Dec 2022

Click Here for more AT&T Charts.

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 maria.armental@wsj.com 
 

(END) Dow Jones Newswires

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

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

1 Year AT&T Chart

1 Year AT&T Chart

1 Month AT&T Chart

1 Month AT&T Chart
Your Recent History
NYSE
T
AT&T
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20221203 09:42:21