Why I Don't Like McAfee's 33% Dividend Payment Increase
McAfee (NASDAQ: MCFE) posted strong fourth-quarter results last week, boosted by its consumer segment. And with its broad and updated offering, the company should keep profiting from the increasing need to protect enterprises and individuals from cybersecurity threats.
Given such encouraging results and perspectives, management boosted the dividend payment by 33%, an attractive proposition for dividend-oriented investors. Yet I don't welcome that decision, as the legacy cybersecurity specialist should first deal with its significant debt load.
In contrast with many cybersecurity players, McAfee has products suited for both the consumer and enterprise segments.
Source Fool.com
