Headline reads “Seagate Technology Holdings Has Affirmed its Dividend $0.70 for July 5th”. We are selling buildings and incurring massive layoffs to raise cash to pay the Dividend? Floating a new much more expensive bond sale to cover the previous bond sale. Even the Wall Street Analysts types are saying WTH on the continued Dividend payment. Not to worry we are told HAMR will solve all your da## problems. Good Luck Gaters we are in for a hard landing.
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Seagate has reached the natural end of the drive life cycle. All that is left is for those in charge to loot.
Seagate has entered the circling the drain phase of it’s lifecycle.
My guess is that they don't expect the company to recover, so just keep paying the dividend to their masters at Blackrock.
Dave thinks he’s a financial genius. If Wall Street figures out the dividend isn’t supported/safe then the stock price will fall just as if the dividend was cut. So all the sacrifices will be for nothing. This company is clearly being run as a scam at this point. Like Enron.
More RIF?
That’s why CEO said he earn $0, if not where he got the money if not from dividend?