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clock Created with Sketch. 01/11/24
10:11
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Originally posted by numis:
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Result didn't meet analyst expectations so I would expect the stock to fall quite a bit considering the run up unless the market decides to focus on the outlook. The divvy is quite disappointing at $2.60 (barely above last years $2.55) when the market was expecting $3.00. Usually companies like to progressively increase their dividends so I don't know if the $2.60 dividend is signalling tougher times. I mean if they paid out a divvy of $3.00 and next year they can't surpass it then it usually isn't a good look.
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Fell about 4%, not too bad in the overall scheme of things.
(20min delay)