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AT&T holders are due to receive about 0.24 share of Warner Bros. Discovery for each AT&T share.
David Paul Morris/Bloomberg
Income-oriented investors in
AT&T
face a choice when they receive shares of the new Warner Bros. Discovery in a spinoff planned for the second quarter.
They can hold onto the Warner Bros. Discovery stock, which is likely to pay no dividend. Or they can sell the shares and reinvest the proceeds back into AT&T…
