What's the difference between the stocks "T" and "ATT", both AT&T Inc.?
If you search for AT&T on Yahoo! Finance, it pulls up T (which ended today's trading at 26.88) and ATT (which closed at 30.33). Yet both are described as "AT&T, Inc." What's the difference?
- JoeyVLv 79 years agoFavorite Answer
ATT is the ticker for "AT&T Inc. Senior Note 6.375". This is a bond with 6.375% annual coupons paid quarterly. It is not a stock.
Here is the description:
AT&T Inc., 6.375% Senior Notes due 2/15/2056, issued in $25 denominations, redeemable at the issuer's option on or after 2/15/2012 at $25 per share plus accrued and unpaid interest, and maturing 2/15/2056. Distributions of 6.375% ($1.59375) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on 2/1, 5/1, 8/1 & 11/1 respectively. Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and is also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company.
- SamLv 79 years ago
T is actually the at&t stock ....