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Breaking: No More BP Dividends This Year
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06-16-2010, 01:30 PM
Houdini
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Join Date: Dec 2001
Location: SoCal
Posts: 1,651
Cutting the dividend gives them an additional $10 billion a year. At $30 a share, who cares about the dividend? This stock will be $60+ in a year. 100% return vs. 10% dividend?
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