VF Corporation Cuts Quarterly Dividend By 70% From $0.30 To $0.09 Per Share
Portfolio Pulse from Benzinga Newsdesk
VF Corporation has announced a 70% cut in its quarterly dividend from $0.30 to $0.09 per share. The dividend will be payable on December 20, 2023, to shareholders of record at the close of business on December 11, 2023.
October 30, 2023 | 9:37 pm
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VF Corporation's decision to cut its quarterly dividend by 70% could potentially impact its stock negatively in the short term as it may be seen as a sign of financial distress.
Dividend cuts are often seen as a sign of financial distress or a lack of confidence in future earnings. This could lead to a negative sentiment among investors, potentially causing a drop in the stock price in the short term.
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