AT&T Makes New Pitch to Mom-and-Pop Investors

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AT&T Inc., which piled on billions in debt to become a media giant, is getting more creative with its pitch to investors.

The company earlier this month issued a new class of shares that guarantee its holders a dividend worth 5% of the share price but no voting rights. The new securities show AT&T, long known as a haven stock for investors in search of safety, aggressively catering to its base.

“People…

Credit: WSJ.com



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