Announced
Confirmed • December 07, 23
Ex Date
Reached • January 09, 24
Pay Date
Paid • February 01, 24
I can't buy more of these guys till I see Q4 free cash flow. They're making T look GOOD right now.
while T cut their dividend, it was purposeful. it was to pay down debt& reinvest into the company. the result: T has about a 42% free cash flow payout ratio (with rising free cashflow), substantially less debt & a higher more sustainable yield (with lower free cash flow payout ratio) than VZ while basically being the exact same company
AT&T has less debt because they spun off a major business. Not saying it wasn’t wrong, just that your narrative is incomplete.
I'm aware of that. Im referring to them having cut the dividend under the promise of reducing the remaining debt.