AT&T Shares Suffer Following Dividend Cut
AT&T (NYSE: T) shares fell 4% after announcing its dividend cut, which ultimately freed up previously tied up cash as a means of improving the company’s results, according to CEO John Stankey. The company had previously used its free cash flow, primarily produced by its communications business, to make several acquisitions. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” …