quick news this morning: Yellow Media (TSE:YLO) just announced a dividend cut from $0,65 to $0.15.
YLO is dropping faster than a F1 this morning (currently down 30% at $1.34. I don’t have much hope for this stock to be honest.
I recently discuss how dangerous chasing high dividend yield is (especially when combined with high dividend payout ratio). Once again, moving toward a more conservative dividend investing approach might be the solution!
I hope you don’t own any YLO… you can’t say I didn’t warn you!Google+