at&t-cut-its-dividend-with-the-spinoff-why-it-remains-generous.

AT&T Cut Its Dividend With the Spinoff. Why It Remains Generous.

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https://www.barrons.com/articles/att-dividend-yield-51649711514


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AT&T has officially spun off its media business, with Warner Bros. Discovery trading on its own for the first time on Monday.

AT&T (ticker: T) cut its dividend as part of the spinoff—a point of contention for many AT&T shareholders—but the payout remains generous at an annual $1.11 per share. Based on Monday’s closing price of $19.63 per share, the dividend yield comes to 5.7%. That puts it among the top 10 highest-yielding stocks in the S&P 500. 

AT&T…