AT&T Income-hungry shareholders should have seen it come.
Last April, a month ago announced a subsection of its media division to shareholders in the form of shares of 71% of the shares in Discovery of Warner Bros. Managing director John Stankey Assuring investors that “our deliberate capital allocation plan allows us to invest and maintain dividends at current levels, which we believe are attractive.” He did not mention any increase. AT&T’s final failure to raise its dividend in 2021 broke a 34-year record and saw it happen. kick off the acclaimed S&P 500 Dividend Nobility Index.
