$T Pascal Desroches, senior executive vice president and chief financial officer of AT&T Inc.* (NYSE:T) spoke today at the Credit Suisse Communications conference, where he provided an update to shareholders.
Desroches also reiterated that the company doesn’t expect to reset the current dividend until after the proposed WarnerMedia-Discovery transaction is approved and closed. After close of the transaction, he expects that the resized dividend will continue to deliver a very attractive yield in the 95th percentile of dividend yielding stocks.