Mattel Shareholders Are Going to Hate This Move From the Company

Mattel Shareholders Are Going to Hate This Move From the Company

Heading into its Q3 results announcement last week, there wasn't much that could go worse for troubled toymaker Mattel (NASDAQ: MAT). The company was coming off two consecutive loss-making quarters, sales were eroding, and a top customer, Toys R Us, recently declared bankruptcy.

Well, guess what? That's right, there was even worse news around the corner. Along with the results release, Mattel also announced that it is suspending its dividend. This move has given investors even more reason to bail out of the stock.

Image source: Getty Images.

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Source: Fool.com