AT&T said it would roughly halve its dividend payout after its spinoff of WarnerMedia as it looks to boost investment in 5G wireless and fiber-optic service
AT&T Inc. said it would roughly halve its dividend payout and divest its WarnerMedia division through a spinoff that will give shareholders 0.24 shares for each AT&T share they own.with Discovery Inc.
that will make the transaction easier for individual investors to digest, but will still leave the telecom company with about 7.2 billion shares outstanding. The deal is expected to close in the second quarter.
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