Not bad at all with the stock buy back. Price will recover and eventually the Divvy will too as they get things in order. GREAT NEWS if you are long or ready to enter at a bargain basement price.
Sentiment: Strong Buy
I do not thin the stock price will celebrate a 24% cut in dividend from $1.05 to $0.80. Perhaps some of this cut is already built into the price, time will tell. JMO
23.8% reduction to be exact. LOL it will #$%$ off some but the large share buy back will help the stock. Whose to say that this time next year (or before) they are back to $1. from .80? will depend on the environment, interest rates, etc. of course.