AT&T To Pay Dividends To Investors Despite Signaling That Its Considering Layoffs

AT&T might once again be laying off people, while continuing to pay out a dividend to investors.

The Hollywood Reporter reports:

“AT&T on Tuesday said it has struck a deal for a $5.5 billion loan, boosting its liquidity amid the coronavirus crisis.

It also said it expects to be ‘sizing our operations to economic activity,’ a sign of possible layoffs or reduced investment amid the crisis.

AT&T vowed it would continue paying dividends, saying: ‘As it has for the past 36 years, the company looks forward to continuing to pay a quarterly dividend to shareholders.’ Analysts have in recent weeks wondered whether the dividends could be put on ice or reduced amid the virus crisis.”

For the rest of the story, visit The Hollywood Reporter here.

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