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

Nokia (NOK) proposes paying no dividend for the first time in 143 years. It's not a great surprise given that the company's been slashing costs amid cratering revenues and major losses. One might ask, what took them so long? Shares +1.9% premarket.
Comments (13)
  • mitrado
    , contributor
    Comments (1949) | Send Message
     
    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 2013, 06:29 AM Reply Like
  • vk007
    , contributor
    Comments (40) | Send Message
     
    Right decision!

     

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

     

    Buybacks stink!
    24 Jan 2013, 06:35 AM Reply Like
  • Evert1985
    , contributor
    Comments (11) | Send Message
     
    Good decision indeed, they should already have stopped paying dividends last year.
    24 Jan 2013, 07:07 AM Reply Like
  • brianmadigan
    , contributor
    Comments (4) | Send Message
     
    Maintain the record. Pay a small dividend, it won't break the company.
    24 Jan 2013, 07:27 AM Reply Like
  • brianmadigan
    , contributor
    Comments (4) | Send Message
     
    Maintain the record. Pay the dividend, just make it smaller,
    24 Jan 2013, 07:28 AM Reply Like
  • barcaboyvn
    , contributor
    Comments (275) | Send Message
     
    They should have done that last year, too!
    24 Jan 2013, 07:36 AM Reply Like
  • pgarcia007
    , contributor
    Comments (2) | Send Message
     
    Great! Finally taking their rebirth seriously. Go NOK!
    24 Jan 2013, 08:00 AM Reply Like
  • LumiaMan
    , contributor
    Comments (324) | Send Message
     
    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 2013, 08:05 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8175) | Send Message
     
    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 2013, 09:26 AM Reply Like
  • LeaveTheEgoAtTheDoor
    , contributor
    Comments (14) | Send Message
     
    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 2013, 09:43 AM Reply Like
  • mitrado
    , contributor
    Comments (1949) | Send Message
     
    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 2013, 10:21 AM Reply Like
  • stockstrider
    , contributor
    Comments (7) | Send Message
     
    Great decision, but, the real question is will this move help with stock price today? TODAY specifically
    24 Jan 2013, 03:04 PM Reply Like
  • mitrado
    , contributor
    Comments (1949) | Send Message
     
    Of course not. Today was the day all the morons sold-off NOK. Good riddance, you panicky people. :-P
    24 Jan 2013, 05:48 PM Reply Like
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