Business Services Industry
AT&T Slashes Stock Dividend by 83 Percent, Issues Profit Warning.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, December, 2000 by May, Jeff
Dec. 21--Delivering a double whammy to shareholders, AT&T Corp. yesterday slashed its cherished stock dividend by 83 percent for the fourth quarter and issued its third profit warning of the year.
Never before in its more than 100-year history had AT&T reduced its quarterly payout to shareholders, a track record almost unparalleled in American business history.
The dividend, used by "widows and orphans" not to mention thousands of retirees in New Jersey for income, survived the turn of two centuries, the Great Depression and two World Wars. But it couldn't withstand a sudden downdraft in the fortunes of the largest telephone and cable television company that was only underscored by the profit warning yesterday.
"It's history in the making...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express