After dozens of companies suspended or cut their dividends in recent weeks amid the coronavirus-driven business slowdown, some analysts believe dozens more are vulnerable across a variety of sectors.
Take banks: After suspending stock buybacks in mid-March, eight big U.S. financial firms, including Bank of America and JPMorgan Chase , appeared as though they could emerge from the coronavirus crisis with their dividends intact. After European and U.K. banks suspended their dividends on regulators’ urging,... Subscribe or Sign In to continue reading.
This is important.
People bought their stock b/c they gave a dividend!!
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