Dividend decrease : AT & T

T&T (NYSE:T) declares $0.2775/share quarterly dividend. That comes in line with company's already declared annual dividend of $1.11 per share expected post-close of the pending WarnerMedia spin-off transaction. 

On dividend yield, AT&T comments that it will "remain among the best dividend-yielding stocks in the United States and in the Fortune 500."

Payable May 2; for shareholders of record April 14; ex-div April 13.

In addition the company announces stock dividend for record of Apr. 5: AT&T said this stock dividend is in connection with the previously announced transaction to combine AT&T’s WarnerMedia business with Discovery (NASDAQ:DISCA). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Discovery (WBD) for each share of AT&T common stock

 This is a decrease in dividend but hard to say how big a decrease at the moment until I get WDB shares and get more information on what is the coming dividend distribution for the WDB.