Nokia Dividend Elimination Looms as Cash Dwindles - Bloomberg
“Most crucial for Nokia now is to turn around their sales
and reach profitability as soon as possible,” said Mikael Anttila, who helps manage corporate bonds, including Nokia debt,
at SEB AB in Stockholm. “Until then, it would be rational for
them to not pay dividends, to help maintain what cash they have.”
Without a dividend, Nokia Chief Executive Officer Stephen Elop risks alienating yield-focused investors at a time when the
company’s stock price is headed for its fifth consecutive annual
decline.
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