AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal

barrons2021-05-18

There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal,...

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精彩评论

Kingvect
2021-05-18
Kingvect
Wow...
Soksok
2021-05-18
Soksok
Latest news
Minion
2021-05-18
Minion
Time to sell!
- Minion:
  like and comment pls
Sallkwan
2021-05-18
Sallkwan
Ok
- Veon6620:
  [Smile]
- Sallkwan:
  😊
Rick0209
2021-05-18
Rick0209
Like my comments thanks
- szueyann:
  okay
EC7795
2021-05-18
EC7795
help to comment and like
- heximania:
  sure
- szueyann:
  done

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The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. 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AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones 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my comments thanks","listText":"Like my comments thanks","text":"Like my comments 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