Retailers, consumers and prices
Check Out Line: Down by half and half again …
That could be important since Newell on Tuesday said it was cutting its quarterly dividend to 5 cents a share from 10.5 cents. In January, it cut its dividend in half to get to that 10.5 cents.
Newell said it is trying to preserve its investment grade rating and that it is still offering a competitive yield. But if this trend continues, the dividend will be about three-tenths of a penny by the end of the year.
(Photo from Newell Rubbermaid’s web site)