It’s a pitfall that can slash your income and your nest egg overnight—and this hidden trap is particularly dangerous to your financial health right now.
I’m talking about a snap dividend cut, something poor folks still sitting on General Electric (GE) shares learned again last week, when the stock tanked 9% in a single day after GE slashed its quarterly payout 92%—to a token penny.
The sad part is, anyone could have seen this massacre coming for miles.
All you had to do was look at GE’s cash flow, which kept staggering after the company sideswiped investors with a 50% dividend cut a year ago.… Read more
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