Citi cuts dividend to a penny per share from 15 cents

Discussion in 'Stocks' started by ByLoSellHi, Jan 20, 2009.

  1. That should help shore up the share price.

  2. C will be nationalized. Technical damage to world economy was done yesterday.
  3. Why would a company that makes no money pay any dividend at all? Where the hell is a dividend coming from? I really don't get it, not trying to be a wise ass. I seriously don't understand how a company with 0 profits is able to pay a dividend.
  4. This was announced in november. It's old news that will not affect the market.
  5. The market went down a few percent, what do you mean technical damage? Is it because a few financials got taken to the woodshed?