AT&T is getting rid of Warner Media and cutting their dividend! I'm selling Comcast!

May is proving to be a very emotional month for the stock Market, and here I am licking my wounds after the shocking news about my dearest dividend stock AT&T. In a nutshell, they have announced they are finally giving up on their dream of becoming "a modern media company". Yes, they will sort of spin-off their Warner Media (acquired in 2018) business and merge it with Discovery to from a new company while T will focus on their telco business (which may not be a bad idea). But getting rid of the second largest income generating business (and the only one really growing) in your portfolio doesn't come for free... they will cut their dividend!!!

Update #001 - April 2021

Hello! As will be regular from now on here it goes my first official monthly update. April was a very interesting month, crashed the walking targets, decided to leave Bondora to improve my P2P portfolio yield and got some nice dividend bumps here and there. Besides all that, It's good to see world slowly coming back to normal, at least here in Ireland we have left behind some of the restrictions and getting some of our freedom back. Hopefully as vaccines become more and more available we will all be back to the world we knew!