Nokia (NOK) proposes paying no dividend for the first time in 143 years. It's not a great...

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mitrado Comments (1369)
 
Doesn't really matter to me. 0.26 cents a share... and the lousy politicians would keep almost 50% of that. So... who cares? Not me. I'd rather see shares going up than receiving the very slashed dividend.
24 Jan, 06:29 AM Reply Like

vk007 Comments (10)
 
Right decision!

Unfortunately NOK earlier spent € 18 billion on buybacks. I'd rather have that money in their books.

Buybacks stink!
24 Jan, 06:35 AM Reply Like

Evert1985 Comments (11)
 
Good decision indeed, they should already have stopped paying dividends last year.
24 Jan, 07:07 AM Reply Like

brianmadigan Comments (4)
 
Maintain the record. Pay a small dividend, it won't break the company.
24 Jan, 07:27 AM Reply Like

brianmadigan Comments (4)
 
Maintain the record. Pay the dividend, just make it smaller,
24 Jan, 07:28 AM Reply Like

barcaboyvn Comments (262)
 
They should have done that last year, too!
24 Jan, 07:36 AM Reply Like

pgarcia007 Comments (2)
 
Great! Finally taking their rebirth seriously. Go NOK!
24 Jan, 08:00 AM Reply Like

LumiaMan Comments (325)
 
doesnt the board still have to approve the no dividend? also if no dividend, could see a buy back in 4th qtr, what do yall think?
24 Jan, 08:05 AM Reply Like

DeepValueLover Comments (5089)
 
Like I said last year:

Kill the divvy and use the cash to buyback shares hand over fist.

Nokia is headed in the right direction.
24 Jan, 09:26 AM Reply Like

LeaveTheEgoAtTheDoor Comments (9)
 
Regarding the dividend cut, you ask "what took them so long?" Now that operations appeared to be improving, I and it looks like the market are asking, "why now?"
24 Jan, 09:43 AM Reply Like

mitrado Comments (1369)
 
I'm sorry I don't have money free to invest at the moment, I'd certainly be adding to my position today or tomorrow, at most.

The last time I saw a dividend being cut on a big company with yearly dividend was TEF, last year.

TEF sold-off, initially... but then it started crawling up and people who dumped never got the chance to buy it back below the price they've dumped. A lot of panic sellers were kicking their heads just 15 days later. In fact, the day the dividend was cut marked the very bottom of TEF.

I hope NOK will do the same. :-P
24 Jan, 10:21 AM Reply Like

stockstrider Comments (6)
 
Great decision, but, the real question is will this move help with stock price today? TODAY specifically
24 Jan, 03:04 PM Reply Like

mitrado Comments (1369)
 
Of course not. Today was the day all the morons sold-off NOK. Good riddance, you panicky people. :-P
24 Jan, 05:48 PM Reply Like