We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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 | |
|---|---|---|---|---|---|---|---|---|
| 0.18 | 1.10% | 16.49 | 16.53 | 16.29 | 16.38 | 47,768,695 | 22:56:24 |
From Apr 2021 to Apr 2024
By Colin Kellaher
AT&T Inc. on Tuesday said it plans to spin off its stake in WarnerMedia after it completes the planned merger of the unit with Discovery Inc.
AT&T said its shareholders will receive stock representing roughly 71% of the new company, Warner Bros. Discovery Inc., while current Discovery shareholders will own about 29% of the new company.
AT&T also said its board approved an expected post-close annual dividend of $1.11, down from the current rate of $2.08, to account for spinoff.
The company said it is sizing its annual payout at about 40% of projected free cash flow, which it said will enable investment in attractive growth opportunities, adding that it still expects to have among the highest dividend yields in corporate America.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 01, 2022 06:53 ET (11:53 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year AT&T Chart |
1 Month AT&T Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
