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05-17-2021, 05:34 PM
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Sage
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Join Date: Aug 2009
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"AT&T’s dividend: AT&T CEO John Stankey said on Monday that AT&T plans to “reset” its dividend after the transaction, which sounds like a euphemism for “cut.” The company said in its release on Monday morning that it will target an annual dividend payout ratio of 40% to 43% of free cash flow, which it forecasts as being at least $20 billion in 2022. That means about an annual dividend payment in the low $8 billion range, versus about $15 billion last year for a dividend payout ratio in the high 50%. AT&T investors get a stake in the new media company, but the dividend payment on their AT&T shares will drop by roughly half—from $2.08 per share annually, to some $1.10, based on the most recent available share count."
From: Here Are the Winners and Losers of the AT&T-WarnerMedia-Discovery Mega Deal | Barron's
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