Why I'm Not Worried About a Macy's, Inc. Dividend Cut
Last Friday, shares of Macy's (NYSE: M) were hit hard when rival department store operator J.C. Penney slashed its earnings guidance. Macy's stock has continued to decline this week, after Citigroup retail analyst Paul Lejuez slapped a "Sell" rating on the stock and warned that the company may cut its dividend.
Macy's share price has already plunged by more than 50% since last December. Its generous dividend -- which now yields a stunning 8% -- has been one of the few points of consolation for investors. A dividend cut could send more investors running for the exits.
Source: Fool.com
Macy's Inc. Aktie
14,59 €
-7,76 %
Leichtes Kaufinteresse bei Macy's Inc., mit mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 17 € für Macy's Inc. deutet auf ein leicht positives Wachstumspotenzial gegenüber 14.59 € hin.
