What Did You Buy Today?

[stockguru]

(05-17-2021, 06:12 PM)kblake Wrote:

(05-17-2021, 06:08 PM)divmenow Wrote:

(05-17-2021, 05:32 PM)fenders53 Wrote:

(05-17-2021, 05:16 PM)divmenow Wrote: T headed to $25. With the dividend cut in half, there’s no reason to hold it now. What’s everyone going to buy now once they sell?? Hmmm lol

My question is who”s the suckers who fell for that pre market and bought at $33.50 ?

Where did you read div is cut in half?  That doesn't seem likely.

It’s all over the boards. News was released.. That’s why it’s down to $30 after hours lol

Yeah I read that as well they were cutting the dividend in half.  The news hit the wires. AT&T signaled that it will cut its dividend to reflect the company's smaller size once it spins off its media.

Cramer slammed it as well on his show. I wish I sold it when it hit $33 today. POS LOL 

Yup dead stock now. Time to abandon ship. I will be selling and buying something else. 

AT&T said it expects an annual dividend payout ratio of 40% to 43% from more than $20 billion of expected free cash flow. That implies a total payout of between $8 billion and $8.6 billion.  That would represent a steep drop from the $15 billion AT&T paid in dividends in 2020, when free cash flow – or the cash left over after operating costs and capital investments – came to more than $40 million. Morgan Stanley analyst Simon Flannery points out that it would mark "a nearly 50% reduction from current levels and would put the stock on a low 4% (yield)