AT&T’s Dividend Cut Puts It in an Unenviable Club – Barrons

A company cutting its dividend after a spinoff is uncommon, but not unprecedented. The longer-term outcomes can vary markedly.

AT&T (ticker: T) joined this club on Tuesday, when it said it expects that its annual dividend will be $1.11 a share, down sharply from $2.08 in 2021, after its planned spinoff of its WarnerMedia assets as part of a deal with Discovery (DISCA) that is expected to close in the second quarter.

AT&T’s…

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