AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal_老虎社区_美港股上老虎

AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal

barrons2021-05-18

There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal,...

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Kingvect
·2021-05-18
Wow...
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Soksok
·2021-05-18
Latest news
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Minion
·2021-05-18
Time to sell!
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- Minion:
  like and comment pls
  2021-05-18
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Sallkwan
·2021-05-18
Ok
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- Veon6620:
  [Smile]
  2021-05-19
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- Sallkwan:
  😊
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Rick0209
·2021-05-18
Like my comments thanks
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- szueyann:
  okay
  2021-05-18
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EC7795
·2021-05-18
help to comment and like
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  sure
  2021-05-18
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  done
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FrigFragFry
·2021-05-18
Out of the bull pen? Really?
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- AmosTeo:
  Hahaaaa
  2021-05-18
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FoolsMooney
·2021-05-18
The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.
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BBBBBBBBBB
·2021-05-18
Like n comment ya
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KCNG
·2021-05-18
Wow
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Glenna
·2021-05-18
pls like and comment
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yiyirox
·2021-05-18
Ok
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The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":195415973,"gmtCreate":1621307232692,"gmtModify":1634192574037,"author":{"id":"3571149964024608","authorId":"3571149964024608","name":"Kingvect","avatar":"https://static.tigerbbs.com/da838815e20279e45c29d95e07bdb79a","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3571149964024608","authorIdStr":"3571149964024608"},"htmlText":"Wow...","listText":"Wow...","text":"Wow...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195415973","repostId":1175570783,"repostType":2,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195405689,"gmtCreate":1621305279641,"gmtModify":1634192593482,"author":{"id":"3579684763801587","authorId":"3579684763801587","name":"Soksok","avatar":"https://static.tigerbbs.com/03c4a8d2787d3c5042bccff3b0bb60f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579684763801587","authorIdStr":"3579684763801587"},"htmlText":"Latest news&nbsp;","listText":"Latest news&nbsp;","text":"Latest news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195405689","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195547359,"gmtCreate":1621304175471,"gmtModify":1631885487052,"author":{"id":"3574116666789867","authorId":"3574116666789867","name":"Minion","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3574116666789867","authorIdStr":"3574116666789867"},"htmlText":"Time to sell!","listText":"Time to sell!","text":"Time to sell!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/195547359","repostId":1175570783,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4362215,"gmtCreate":1621304231448,"gmtModify":1635406841021,"authorId":3574116666789867,"author":{"id":3574116666789867,"idStr":"3574116666789867","authorId":3574116666789867,"name":"Minion","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195547359,"type":1,"supId":0,"prevId":0,"content":"like and comment pls","text":"like and comment pls","html":"like and comment pls"}],"langContent":"EN"},{"id":195549138,"gmtCreate":1621303698724,"gmtModify":1634192611769,"author":{"id":"3581550090206949","authorId":"3581550090206949","name":"Sallkwan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581550090206949","authorIdStr":"3581550090206949"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/195549138","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4375742,"gmtCreate":1621400991498,"gmtModify":1635405747481,"authorId":3581547615722192,"author":{"id":3581547615722192,"idStr":"3581547615722192","authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195549138,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"},{"id":4385199,"gmtCreate":1621473662356,"gmtModify":1635405016761,"authorId":3581550090206949,"author":{"id":3581550090206949,"idStr":"3581550090206949","authorId":3581550090206949,"name":"Sallkwan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195549138,"type":1,"supId":4375742,"prevId":0,"content":"😊","text":"😊","html":"😊"}],"langContent":"EN"},{"id":195562052,"gmtCreate":1621302413376,"gmtModify":1634192630461,"author":{"id":"3582677815481587","authorId":"3582677815481587","name":"Rick0209","avatar":"https://static.tigerbbs.com/0473410a82f383ed42bd4fe03ee0ef85","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3582677815481587","authorIdStr":"3582677815481587"},"htmlText":"Like my comments thanks","listText":"Like my comments thanks","text":"Like my comments thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/195562052","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4361853,"gmtCreate":1621302730749,"gmtModify":1635406876341,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195562052,"type":1,"supId":0,"prevId":0,"content":"okay","text":"okay","html":"okay"}],"langContent":"EN"},{"id":195589579,"gmtCreate":1621301693891,"gmtModify":1634192641261,"author":{"id":"3569231301846284","authorId":"3569231301846284","name":"EC7795","avatar":"https://static.tigerbbs.com/5a108dc8352832d152cadbb12f06b202","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3569231301846284","authorIdStr":"3569231301846284"},"htmlText":"help to comment and like","listText":"help to comment and like","text":"help to comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/195589579","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4361653,"gmtCreate":1621301879511,"gmtModify":1635406894337,"authorId":3581984444466168,"author":{"id":3581984444466168,"idStr":"3581984444466168","authorId":3581984444466168,"name":"heximania","avatar":"https://static.tigerbbs.com/bd86363b09433494d0d0ca373221939c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195589579,"type":1,"supId":0,"prevId":0,"content":"sure","text":"sure","html":"sure"},{"id":4361855,"gmtCreate":1621302741285,"gmtModify":1635406876121,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195589579,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":195515055,"gmtCreate":1621301502477,"gmtModify":1634192644827,"author":{"id":"3555306947034569","authorId":"3555306947034569","name":"FrigFragFry","avatar":"https://static.tigerbbs.com/284aaff943abf94855baca0b6a933ecd","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3555306947034569","authorIdStr":"3555306947034569"},"htmlText":"Out of the bull pen? Really?&nbsp;","listText":"Out of the bull pen? Really?&nbsp;","text":"Out of the bull pen? Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/195515055","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4361750,"gmtCreate":1621302325633,"gmtModify":1635406886483,"authorId":3555020641484564,"author":{"id":3555020641484564,"idStr":"3555020641484564","authorId":3555020641484564,"name":"AmosTeo","avatar":"https://static.tigerbbs.com/a08231bce14a334357c9e989e087ac0f","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195515055,"type":1,"supId":0,"prevId":0,"content":"Hahaaaa","text":"Hahaaaa","html":"Hahaaaa"}],"langContent":"EN"},{"id":195518374,"gmtCreate":1621301355898,"gmtModify":1634192646705,"author":{"id":"3581564326894939","authorId":"3581564326894939","name":"FoolsMooney","avatar":"https://static.tigerbbs.com/d90fed9e35bd25e8e954f2b7e2367a38","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3581564326894939","authorIdStr":"3581564326894939"},"htmlText":"The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&amp;P 500, according to FactSet.","listText":"The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&amp;P 500, according to FactSet.","text":"The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195518374","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195519849,"gmtCreate":1621301224581,"gmtModify":1634192648807,"author":{"id":"3581562365927542","authorId":"3581562365927542","name":"BBBBBBBBBB","avatar":"https://static.tigerbbs.com/973395458d7e1db24dbd4a689c79e8a2","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581562365927542","authorIdStr":"3581562365927542"},"htmlText":"Like n comment ya&nbsp;","listText":"Like n comment ya&nbsp;","text":"Like n comment ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/195519849","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4361859,"gmtCreate":1621302754320,"gmtModify":1635406875793,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195519849,"type":1,"supId":0,"prevId":0,"content":"okay","text":"okay","html":"okay"}],"langContent":"EN"},{"id":195535945,"gmtCreate":1621301000287,"gmtModify":1634192651657,"author":{"id":"3564539038897071","authorId":"3564539038897071","name":"KCNG","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3564539038897071","authorIdStr":"3564539038897071"},"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/195535945","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4361424,"gmtCreate":1621301020463,"gmtModify":1635406915657,"authorId":3564539038897071,"author":{"id":3564539038897071,"idStr":"3564539038897071","authorId":3564539038897071,"name":"KCNG","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195535945,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":4361436,"gmtCreate":1621301043052,"gmtModify":1635406914681,"authorId":3569395672897883,"author":{"id":3569395672897883,"idStr":"3569395672897883","authorId":3569395672897883,"name":"JASLIM","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195535945,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"},{"id":4361440,"gmtCreate":1621301056037,"gmtModify":1635406914354,"authorId":3569395672897883,"author":{"id":3569395672897883,"idStr":"3569395672897883","authorId":3569395672897883,"name":"JASLIM","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195535945,"type":1,"supId":4361424,"prevId":0,"content":"lol","text":"lol","html":"lol"}],"langContent":"EN"},{"id":195531750,"gmtCreate":1621300869070,"gmtModify":1634192653550,"author":{"id":"3570769377369254","authorId":"3570769377369254","name":"Glenna","avatar":"https://static.tigerbbs.com/8cb1540811be40c4d05341502c35498c","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3570769377369254","authorIdStr":"3570769377369254"},"htmlText":"pls like and comment","listText":"pls like and comment","text":"pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/195531750","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4361390,"gmtCreate":1621300897520,"gmtModify":1635406918729,"authorId":3568342145233430,"author":{"id":3568342145233430,"idStr":"3568342145233430","authorId":3568342145233430,"name":"627ac981","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195531750,"type":1,"supId":0,"prevId":0,"content":"Reply pls","text":"Reply pls","html":"Reply pls"},{"id":4361861,"gmtCreate":1621302760721,"gmtModify":1635406875570,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195531750,"type":1,"supId":0,"prevId":0,"content":"okay","text":"okay","html":"okay"}],"langContent":"EN"},{"id":195593762,"gmtCreate":1621300401856,"gmtModify":1634192662610,"author":{"id":"3575026637471954","authorId":"3575026637471954","name":"yiyirox","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3575026637471954","authorIdStr":"3575026637471954"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/195593762","repostId":1175570783,"repostType":4,"repost":{"id":"1175570783","kind":"news","pubTimestamp":1621300286,"share":"https://www.laohu8.com/m/news/1175570783?lang=zh_CN&edition=full","pubTime":"2021-05-18 09:11","market":"us","language":"en","title":"AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175570783","media":"barrons","summary":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of W","content":"There’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAT&T’s Dividend Payout Stands to Be Cut ‘Nearly 50%’ in WarnerMedia Deal<blockquote>在华纳媒体交易中，AT&amp;T的股息支付将削减“近50%”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nbarrons2021-05-18 09:11\n\n</h4>\n</header>\n<article>\nThere’s bad news for income investors:&nbsp;AT&amp;T’s&nbsp;52-cent-a-share dividend would be cut if its sale of WarnerMedia to&nbsp;Discovery&nbsp;goes through.<blockquote>对于收益投资者来说，有个坏消息：如果AT&amp;T将WarnerMedia出售给Discovery成功，其每股52美分的股息将被削减。</blockquote>Still, AT&amp;T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.<blockquote>尽管如此，AT&amp;T（股票代码：T）投资者最初对周一上午宣布的这笔交易表示赞赏，因为这将有助于这家电信公司专注于其核心业务并减轻其高额债务负担。该股价格为33美元，上午11点左右发生变化，盘中上涨约3%。目前收益率为6.2%。</blockquote>The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the&nbsp;S&amp;P 500,&nbsp;according to FactSet.<blockquote>该股近年来表现落后于大盘，长期以来一直是股权收益投资者的热门选择。FactSet的数据显示，该公司的五年年回报率约为2.5%，而标准普尔500指数的年回报率为17.6%。</blockquote>But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.<blockquote>但鉴于该公司2018年收购华纳媒体资产（包括TNT、CNN、HBO和华纳兄弟电影制片厂）加剧了债务负担，股息的健康状况一直受到质疑。截至3月31日，长期债务总额约为1607亿美元，高于2020年底的1538亿美元。</blockquote>In an interview with CNBC Monday morning, AT&amp;T CEO&nbsp;John Stankey&nbsp;said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&amp;T to “accelerate our deleveraging of the business,” he added.<blockquote>周一上午，AT&amp;T首席执行官约翰·斯坦基(John Stankey)在接受CNBC采访时表示，“在资产负债表动态的推动下，我们的股本出现了一些过剩”，尤其是债务。他补充说，这笔交易将使AT&amp;T能够“加速我们的业务去杠杆化”。</blockquote>Under the deal with Discovery (DISCA), AT&amp;T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.<blockquote>根据与Discovery(DISCA)的交易，AT&amp;T股东将拥有新公司71%的股份——如果合并按计划进行，可能会获得一些上涨空间。</blockquote>Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&amp;T is “continuing to maintain a very, very hearty and healthy dividend.”<blockquote>斯坦基告诉CNBC，该公司正在让股东对一家快速增长的媒体公司感兴趣，并且AT&amp;T“继续保持非常非常丰厚和健康的股息”。</blockquote>In April, AT&amp;T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.<blockquote>4月份，AT&amp;T表示，其目标是股息支付率在“50%的高范围内”。但随着华纳媒体资产被抛弃，它需要调整或削减股息。</blockquote>In a news release Monday, AT&amp;T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”<blockquote>AT&amp;T在周一的新闻稿中表示，预计“年度股息支付率为200亿美元以上预期自由现金流的40%至43%”。</blockquote>Simon Flannery&nbsp;of &nbsp;Morgan Stanley&nbsp;observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”<blockquote>摩根士丹利(Morgan Stanley)的西蒙·弗兰纳里(Simon Flannery)周一在一份研究报告中指出，“如果我们假设派息为80亿美元，这将比目前约150亿美元的水平减少近50%，并将使该股处于低位。”4%的收益率和股票“回购也可能是未来的一种可能性。”</blockquote>Bottom line: It’s still a cut.<blockquote>底线：这仍然是一个削减。</blockquote>And that could put its status as a member of the S&amp;P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&amp;T’s last increase, by a penny, was declared in late 2019.<blockquote>这可能会使其作为标普500股息贵族成员的地位面临危险，这是一群至少连续25年支付较高股息的股票。AT&amp;T上一次涨价是在2019年底宣布的，涨幅为1美分。</blockquote>The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&amp;P Dow Jones Indices.<blockquote>标准普尔道琼斯指数公司的霍华德·西尔弗布拉特表示，该股在该组中的地位将受到审查。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2\">barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T":"At&T"},"source_url":"https://www.barrons.com/articles/at-ts-dividend-payout-stands-to-be-cut-nearly-50-in-warnermedia-deal-51621268533?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175570783","content_text":"There’s bad news for income investors: AT&T’s 52-cent-a-share dividend would be cut if its sale of WarnerMedia to Discovery goes through.Still, AT&T (ticker: T) investors initially applauded the deal, announced Monday morning, as it would help the telecom company focus on its core and reduce its high debt burden. The stock was at $33 and change at around 11 a.m., up about 3% on the session. It currently yields 6.2%.The stock, which has lagged behind the broader market in recent years, has long been a popular option for equity income investors. It has a five-year annual return of about 2.5%, versus 17.6% for the S&P 500, according to FactSet.But the dividend’s health had been in question given a debt load that was exacerbated by the company’s 2018 acquisition of the WarnerMedia assets, which include TNT, CNN, HBO, and the Warner Bros. movie studio. As of March 31, long-term debt totaled about $160.7 billion, up from $153.8 billion at the end of 2020.In an interview with CNBC Monday morning, AT&T CEO John Stankey said “there’s been some overhang on our equity that’s been driven by the balance sheet dynamic,” notably debt. The deal will allow AT&T to “accelerate our deleveraging of the business,” he added.Under the deal with Discovery (DISCA), AT&T shareholders would own 71% of the new company—potentially capturing some upside there if the combination works as billed.Stankey told CNBC that the company is giving the shareholders an interest in a fast-growing media company and that AT&T is “continuing to maintain a very, very hearty and healthy dividend.”In April, AT&T said it was aiming for a dividend payout ratio in the “high 50% range.” But with the WarnerMedia assets jettisoned, it needs to resize, or cut, the dividend.In a news release Monday, AT&T said it expects an “annual dividend payout ratio of 40% to 43% of anticipated free cash flow of $20 billion plus.”Simon Flannery of  Morgan Stanley observed in a research note Monday that, “If we assume an $8 [billion] payout, this would be a nearly 50% reduction from current levels of some $15 [billion] and would put the stock on a low 4%” yield and that stock “buybacks could also be a possibility down the road.”Bottom line: It’s still a cut.And that could put its status as a member of the S&P 500 Dividend Aristocrats, a group of stocks that have paid out higher dividends for at least 25 straight years, in peril. AT&T’s last increase, by a penny, was declared in late 2019.The stock’s status in that group will be reviewed, according to Howard Silverblatt of S&P Dow Jones Indices.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4361293,"gmtCreate":1621300608035,"gmtModify":1635406928041,"authorId":3577352574692957,"author":{"id":3577352574692957,"idStr":"3577352574692957","authorId":3577352574692957,"name":"19b23d99","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195593762,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":69,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}