RE: BP dividend vs MFCGuess what I am saying is that BP does need the money but is hesitant to cut the dividend.
The shareholders are been hurt with the falling S/P and its a double whammy to hurt them again with
cutting the dividend.
On the other hand, Mr Guloien does not have a heart.
He cut the dividend with no consideration for the long term shareholders who were facing
falling S/P and now that the dividend payout ratio has fallen so low, he should
have restore the dividend or even a portion of it.
Mr Guloien is always living in fear that an astroid might hit earth
If companies operate on future fears , no one will pay dividend.
The Institutional Investors will continue to punish this stock to show what Mr Guloien truely is,
an incompetent CEO.