Fiera Capital Corp T.FSZ

Must be a divvy cut leak

[smitini12]

We'll find out Nov 8
Or else people really don't like this US guy :)
A cut of half at currently levels is sitll 9%
That's kind of what I expect.

[sergio2go]

Hummm! Dividend cuts rumors...I think the hush treatment of today's market is related more on yesterday's note in which the portfolio asset decline in the 10% range. Unless the result are desastrous, the payout ratio is still good enough to cover. It would be very surprising that the CEO, buying 5 millions worth of stocks not so long ago, did so and at the same time, expect a dividend cut.

[BoredDeveloper]

The SP dropped about 10% back in May when they announced a different regional head, so I think the biggest part of this is just that the regionalization strategy isn't playing well. There's still one more regional head to be appointed, for Canada, so the drops are probably not done yet.

[BlueJay2020]

I find that explanation entirely unconvincing.

[pennydredful]

AUM   figures   released  recently  showed  them   dropping   somewhat   perhaps   5%    so  likely   that   is   spooking    the market  

[theCurse]

Yes - announced i presume after the close yesterday.   No love at all for this stock.  today's volume was relatively large.  as for the dividend, even a larger cut keeps it at a great yield at where i bought it (but now very well underwater)    It seems ugly but I would rather hunker down at this point.  investors forward looking to a general slow down in the