...see what happens when you buy stocks purely for dividends.
...dividend seekers buy stocks for dividends. When they don't get it, the stock price tanks.
Yancoal directors have signalled they are serious about buying Anglo American’s Queensland coal mines by deciding to hoard the company’s $420 million half-year profit rather than pay dividends. Shares have opened 16.2 per cent lower at $5.83 following the decision.
