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Are You Ready for AT&T's Dividend Cut in 2022?

·4 min read
Are You Ready for AT&T's Dividend Cut in 2022?
In this article:
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The cut doesn't mean the business is in trouble, and AT&T's payout will still provide a solid passive income. AT&T has a pending deal to spin off WarnerMedia, AT&T's streaming and entertainment assets, and merge them with Discovery to form a stand-alone, new streaming company. AT&T shareholders will receive 71% of the shares of this new business, and shareholders of Discovery (also the proposed name of the new company) will receive the other 29%.