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Anadarko cuts dividend to 5-cents from 27-cents

Discussion in 'Market News' started by ForexLive, Feb 9, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Oil and gas giant slashes dividend Shares react well to dividend cut, falling 3% but mostly rebounding. It's a signal that the market is less concerned about dividends and more about solvency in the energy sector. The cut is definitely a sting to investors but perhaps it shows that the company feels it can still be profitable and weather the storm -- at least with oil at $30.

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