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AT&T Wireless Services, Inc., formerly part of AT&T Corporation, was a wireless telephone carrier founded in 1987 in the United States, based in Redmond, Washington, and later traded on the New York Stock Exchange under the stock symbol "AWE", as a separate entity from its former parent.
Pacific Telesis is more commonly known as "Pac Bell". Prior to the January 1, 1984, breakup of the Bell System, the corporate name of its principal subsidiary Pacific Bell was The Pacific Telephone & Telegraph Company, which had also been referred to as "PacTel."
However, the merged company took the better-known AT&T name and branding, changing its corporate name to AT&T Inc. to differentiate the company from the former AT&T Corporation. On December 1, 2005, the merged company's New York Stock Exchange ticker symbol was changed from "SBC" to the traditional "T" used by AT&T.
The new AT&T Inc. lacks the vertical integration that characterized the historic AT&T Corporation and led to the Department of Justice antitrust suit. [23] AT&T Inc. announced it would not switch back to the Bell logo, [24] thus ending corporate use of the Bell logo by the Baby Bells, with the lone exception of Verizon.
AT&T) and settled in the Modification of Final Judgment on January 8, 1982. AT&T agreed to divest its local exchange service operating companies, effective January 1, 1984. The group of local operating companies were split into seven independent Regional Bell Operating Companies, which became known as the Baby Bells. [1]
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The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
All in all, AT&T stock scans as a solid addition to a well-rounded dividend portfolio, despite its hefty run-up in 2024. Don’t miss this second chance at a potentially lucrative opportunity.