Its actually past the time to cut the dividends on the common stock. It should have been cut when the markets were in free-fall and there was panic built-in. Now, employees being let go and furloughed, yet the company continues to pay more than $500M in quarterly dividends to shareholders. Cut the dividend, it's the responsible thing to do for both employees and shareholders.
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Shareholders own the company. Of course you better take care of them first, this ain’t a charity.
Take my dividends and the executive, gringo booty.
Companies do lots of layoffs - firing seniors no matter what- before going after share holders. Specialy a company like this.
Saying ‘it’s time to cut the dividend’ is like saying ‘the sky is blue.’ Of course they’ll cut the dividend. At the current price, the yield is almost 16%.
Don't you know how public traded companies operate? It's shareholders and top dogs before lowly peons who actually perform the dirty work. Won't somebody think of the millionaires??!! /s