RE:RE:RE:RE:RE:RE:RE:RE:RE:BTE assets sales Usually cutting a dividend results in a drop in share price. Some funds require a dividend for a company to be investible, no idea if that is the case with BTE. BTE's projected 2024 per share cash flow is $0.71, of which $0.09 is to go towards dividend, not really a massive amount.
Large activist investors can impact what a company decides. For retail investors it is usually better to buy a stock in line with their investment beliefs. Purchasing a stock with stated investor returns and expecting it to change probably won't work out.
AlwaysLong683 wrote: I should add that a company cutting or eliminating an existing dividend can sometimes result in a rise in the share price if the investment community believes the dividend should in fact be reduced partially or entirely giiven the company's financial position and thus continues to keep the company in the penality box until such a cut happens - i.e., continuing to offer a dividend when the market thinks you should cut or eliminate it is sometimes already baked into the cake re. the share price with the market actually giving the company credit for realizing this and doing what the market is looking for. Not saying I know the market currently feels this way about BTE, and of course other factors are at play with this company, but I suspect it's more likely than not.