AT&T Sets More Details For WarnerMedia Spinoff Ahead Of Discovery Merger

In an SEC filing, the telecom giant said it will issue its shareholders a special dividend on April 5. For each share of AT&T common stock, holders will get 0.24 share in Warner Bros Discovery.

AT&T’s stock will begin two-way trading on April 4, with shareholders getting the option to buy or sell shares of AT&T with or without the WBD shares. Shareholders will also get a quarterly dividend worth a shade less than 28 cents for each AT&T share, part of the company’s annual dividend of $1.11 a share after the spinoff closes. Because of its unusually high number of individual investors, rather than institutions, owning its stock, AT&T’s dividend is a closely watched obligation on its balance sheet. The dividend is payable May 2 for shareholders of record as of April 14.

AT&T and Discovery proposed the merger last May, surprising Wall Street after several weeks of stealth negotiations.

AT&T about Warner:

😳😳😳

sylabdul_inc

Great news, great news. Discovery

RestoreTheSnyderVerse ReleaseTheAyerCut DiscoveryIncTV

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

WarnerMedia EMEA & Asia President Priya Dogra Talks Up “Investment In Local Creative Communities Across Europe”; 40 Shows Planned For 2023 – Series ManiaWarnerMedia EMEA & Asia President Priya Dogra has talked up the U.S. media giant’s plan to “ramp up investment in local creative communities across Europe,” with 40 shows in t… RestoreTheSnyderVerse ReleaseTheAyerCut DiscoveryIncTV
Herkunft: DEADLINE - 🏆 109. / 63 Weiterlesen »