RE:DividendAdam001 wrote: Cant get the point of cutting Dividend , this is worst decision made by mgt which drives price lower .
They dont understand that so many long term retired investors depend on these Dividend big time like pension !!!
if on the next ER they announce to resume Dividend payout . stock price will be flying cause dividend suspension gives an indication of cash flow issue . They have to prove that they dont have insolvency .
Retirees have no business owning individual stocks, if they want dividend yield they should just own ETF's - either the overall market, or a dividend specific ETF like the dividend artistrocrats.
A retiree no longer has any work income earning years left to absorb individual stocks getting massacred .... just like CXR has.
Also no offense but anyone who buys into CXR for the dividend doesn't know what they're doing.