At&T Stock Price, News & Analysis

AT&T Inc. (NYSE: T) announced a quarterly dividend of $0.52 per share to be paid on Feb 1, 2021, to stockholders of record by Jan 11, 2021. The company also declared dividends on its perpetual preferred stocks: $312.50 for Series A and $296.875 for Series C, also payable on Feb 1, 2021. AT&T expects financial flexibility in 2021 to continue investing in growth, sustain dividends, and focus on debt reduction. The 2021 financial outlook will be provided alongside its 4Q results on January 27, 2021.

AT&T announced the sale of its Crunchyroll anime business to Funimation Global Group for $1.175 billion in cash. Crunchyroll, which has over 3 million SVOD subscribers, is a leading anime streaming service with 90 million registered users across 200 countries. This acquisition aims to enhance distribution opportunities and improve fan experiences. The deal is subject to regulatory approvals and customary closing conditions. The merging of Crunchyroll with Funimation is expected to expand content offerings and further engage a global community of anime fans.

AT&T Inc. (NYSE:T) CEO John Stankey provided a shareholder update at the UBS Global TMT Conference. Key highlights include strong consumer response to offerings, boosting wireless and fiber business. Stankey expects 10% growth in wireless unlimited plans by year-end and aims for over 1 million fiber additions. HBO Max activations rose from 8.6 million to 12.6 million, with a 36% increase in weekly engagement. The company anticipates $26 billion in free cash flow for 2020 and emphasizes maintaining dividends while reducing debt.

AT&T Inc. (NYSE:T) will webcast a presentation by Igal Elbaz, Senior Vice President of Wireless Technology, at the Oppenheimer 5G Summit on December 15. The event is set to begin at 9:50 a.m. ET and will be accessible live and for replay via AT&T Investor Relations. Investors and analysts are encouraged to join the webcast a few minutes early to accommodate any schedule changes.

The FBI has awarded AT&T a $92 million contract to expand its use of FirstNet, the dedicated communications platform for first responders. This marks the largest commitment to FirstNet by a law enforcement agency, enhancing the FBI's operations during emergencies. As of September 2020, over 14,000 public safety agencies were connected to FirstNet, highlighting its critical role in providing reliable communication. The contract will allow various Department of Justice agencies to access FirstNet's priority and preemption capabilities, ensuring essential communications during crises.

AT&T CEO Jeff McElfresh highlighted the ongoing digital divide at the USTelecom Broadband Investment Forum. He noted that U.S. providers invested nearly $2 trillion since 1996, with AT&T investing over $125 billion in the last five years, contributing to improvements in broadband speeds and costs. Despite this, 14.5 million Americans lack access to adequate broadband, with rural areas particularly affected. McElfresh urged Congress to fund the Broadband DATA Act and maintain a light-touch regulatory approach to encourage future investments.

AT&T announced pricing terms for private offers to exchange two pools of notes, totaling $5.9 billion for New 2057 Notes and $3.75 billion for New 2033 Notes. The early participation payment is $50 per $1,000 of Old Notes. For instance, holders of the 4.800% Global Notes due 2044 will receive a total consideration of $1,220.65 per $1,000 principal amount. The Exchange Offers will close on December 15, 2020. The interest rates for the new notes are set at 3.800% and 2.550%, respectively. Holders must certify their eligibility to participate in the Exchange Offers.

AT&T Inc. (NYSE:T) will host a webcast presentation by Scott Mair, President of Technology & Operations, at the Barclay Global Technology, Media and Telecommunications Conference on December 9 at 10 a.m. ET. The presentation can be viewed live and for replay on AT&T Investor Relations website. Viewers are encouraged to join a few minutes early to accommodate any schedule changes. AT&T is a global leader in telecommunications and media, offering services through various operating units including WarnerMedia and AT&T Communications.

AT&T announced the early tender results of its Exchange Offers, which have been upsized to accommodate more New Notes. The offers include two pools: Pool 1 for notes maturing in 2044, 2048, 2045, and 2042, and Pool 2 for notes maturing in 2026 and 2028. The withdrawal deadline for tendered Old Notes was 5:00 p.m. on December 1, 2020. Settlement for validly tendered Old Notes is expected on December 7, 2020, with the exchange offers expiring at 11:59 p.m. on December 15, 2020. Holders will receive cash for accrued interest and any fractional New Notes.