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In February 2005, SBC announced its plans to acquire former parent company AT&T Corp. for over $16 billion. SBC took on the AT&T name upon merger closure on November 18, 2005. SBC began trading as AT&T Inc. on December 1, 2005, but began re-branding as early as November 21 of the same year. In 2006 AT&T Inc. purchased BellSouth. [3]
SBC Communications bought AT&T Corp. on November 18, 2005, and changed its name to AT&T Inc. Shortly afterwards, on January 15, 2006, AT&T companies were given new d.b.a names. As a result, officially, Southwestern Bell began conducting business under the following names: AT&T Arkansas, AT&T Kansas, AT&T Missouri, AT&T Oklahoma, and AT&T Texas.
From the end of 2023 through Jan. 28, shares of AT&T (NYSE: T) rose 48%. Although it had been offering an ultra-high dividend yield, the company hasn't altered its payout since reducing it in 2022 ...
BellSouth, LLC (stylized as BELLSOUTH and formerly known as BellSouth Corporation) was an American telecommunications holding company based in Atlanta, Georgia.BellSouth was one of the seven original Regional Bell Operating Companies after the U.S. Department of Justice forced the American Telephone & Telegraph Company to divest itself of its regional telephone companies on January 1, 1984.
AT&T is valued at about $170 billion, so $20 billion in buybacks at today's prices would reduce the share count by nearly 12% and raise per-share earnings by close to 14%.
Could a dividend increase be coming for AT&T shareholders?
SBC announced in October 2005 that it would shed the "SBC" brand and take the more recognizable AT&T brand, along with the old AT&T's "T" NYSE ticker symbol. Merger approval concluded on November 18, 2005; SBC Communications began rebranding the following Monday, November 21 as " the new AT&T " and began trading under the "T" symbol on December 1.
Before the pandemic disrupted its operations, AT&T (NYSE: T) was a reliable dividend stock. Not only that, but it was also a dividend-growth stock. For decades, the company increased dividend ...