Dividend cut and losses hurt Cliffs

Investors beat up Cliffs Natural Resources (CLF-N) after it cut its dividend and reported a quarterly loss.At a time when shareholders are hungry for yield, the dividend cut was the most damaging to the company’s equity value, as Cliffs will...

By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close