you are viewing a single comment's thread.
We don't want this change in dividend policy. That's why the stock isn't up.0.30 doesn't matter if it can be 0.15 next quarter. We want stable dividends, NOT variable dividends!
Judging by today's action, the market disagrees. I will take variable dividends if they keep varying UP or at least over 25 cents
The dividend was always variable, depending on cash flow and management discretion. The new payout policy may be richer than the previous "70% of cash flow."