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Nokia (NOK) rises 1.5% premarket amidst a (hardly surprising) Bloomberg report the company -...

Nokia (NOK) rises 1.5% premarket amidst a (hardly surprising) Bloomberg report the company - burning through about $300M/month - may be considering eliminating its annual dividend payment this year. A Nokia spokesman declined to comment on the idea. The dividend announcement is typically made as part of the Q4 earnings report, which will come in January.
Comments (11)
  • Rookie IRA Investor
    , contributor
    Comments (2667) | Send Message
     
    I think potential elimination of next year's dividend is already priced into the stock and has been for a long time. This will certainly come as no surprise to those who follow Nokia on Seeking Alpha. If the dividend is not eliminated, it will surely be reduced and I imagine that most dividend-only funds will already have disposed of the stock long ago.
    27 Sep 2012, 08:32 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    I bought with "they're dead *tomorrow*" already priced in so frankly I'm not expecting a dividend till they start making money again. People buy and sell in seconds, minutes on rumours here words there. Things just take longer than that in the real world.

     

    If they're not profitable in 2013, then I'll worry.
    27 Sep 2012, 06:03 PM Reply Like
  • mr wonder
    , contributor
    Comments (561) | Send Message
     
    These kind of rumours are without any information and should be taken with a grain of salt. They are mostly spread to manipulate stock rates. Who is the source within Bloomberg. PS. I heard Apple may consider to add apple perfume to compensate iOS5.
    27 Sep 2012, 09:16 AM Reply Like
  • WhatdoIknow1
    , contributor
    Comments (661) | Send Message
     
    15% of the stock is being shorted. It has also received a couple of downgrades ( how hard it must have been to find an analyst without a sell already). Three negative articles in a row without any real substance by Sabius. Now Bloomberg wants to talk dividend. All in a cyclical downturn. So, what's the stock doing? Today it's up. On down days it has been working to recover at the end of the day.

     

    Now apple has had a total flop and Nokia is sitting with the best product offered out there in smart phones. I'm not selling.

     

    Long Nokia
    27 Sep 2012, 10:34 AM Reply Like
  • mitrado
    , contributor
    Comments (2018) | Send Message
     
    With a price of $2.62 I don't care about a dividend. Nokia seems to be doing all the right things (today a new deal with BMW was announced: http://bit.ly/QyJwuU )

     

    As soon as Nokia swings to profitability the stock will go up way more than the measly $0.25 dividend.
    27 Sep 2012, 10:56 AM Reply Like
  • WhatdoIknow1
    , contributor
    Comments (661) | Send Message
     
    The dumbest part is Nokia only hands it out once a year in May and the annual meeting is a month before that and that's when the payout level decisions are made. That means any authoritative decision won't be made for almost 8 months. A lot can change in 8 months.

     

    Long Nokia
    27 Sep 2012, 01:31 PM Reply Like
  • techy46
    , contributor
    Comments (7254) | Send Message
     
    Bloomberg is all about readership and that's why they pound down the losers (Nokia) and hype the heel out of the winners (AAPL). Most of their articles are contributed by analysts not on their staff.

     

    Nokia investors are not looking for dividends at this moment. They are looking for Nokia's earnings, ugly but any green shoots, Microsoft W8 and WP8 releases and Lumia 920 news. Lumia looks to be priced at $299 on AT&T plus $450 subsidy or $749 unlocked which matches iPhone 5 32gb price. That's fair, a better smart phone fron Nokia at an equal price.
    27 Sep 2012, 11:28 AM Reply Like
  • mitrado
    , contributor
    Comments (2018) | Send Message
     
    Exactly, techy, that's why Nokia should cut the darn dividend now and end the speculation. Telefonica did it... and TEF rebounded on the following day and went up quite a bit since then.
    27 Sep 2012, 03:37 PM Reply Like
  • sunnydd
    , contributor
    Comments (6) | Send Message
     
    cut dividend = more cash = high chance of survival. I think this is a positive news.
    28 Sep 2012, 12:15 AM Reply Like
  • 50000
    , contributor
    Comments (104) | Send Message
     
    Pay dividend in Lumia 920s next year instead of cash.
    29 Sep 2012, 10:19 AM Reply Like
  • dividend_growth
    , contributor
    Comments (2898) | Send Message
     
    Nokia should cut its dividend as early as last year.

     

    I think it's close to a turn around.

     

    It has been at least 2 years since I saw so many people in a Chinese Nokia store.
    30 Sep 2012, 03:44 AM Reply Like
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