The Lessons Dividend Growth Investors Can Learn From The Kraft Heinz Dividend Cut
Kraft Heinz has cut its dividend from 62.5 cents to 40 cents. As my readers know, I sell shares that cut the dividend. I always try to learn from my mistakes.
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Last week Kraft Heinz (KHC) released its quarterly report, and it was a horrible one. Not only did the company miss analysts' estimates in the top and bottom line, but it was also forced to admit that it has failed. The company suffered a massive GAAP loss due to lower goodwill for several brands mainly Kraft. In addition, it is under the investigation of the SEC, and it also cut its dividend in order to strengthen its balance sheet.
I have sold all my shares in the company on Friday.
[...]
1. Gurus are not a guarantee
2. Diversification is still a key
3. Dividend streaks matter
https://seekingalpha.com/article/4243844...vidend-cut
Kraft Heinz has cut its dividend from 62.5 cents to 40 cents. As my readers know, I sell shares that cut the dividend. I always try to learn from my mistakes.
[...]
Last week Kraft Heinz (KHC) released its quarterly report, and it was a horrible one. Not only did the company miss analysts' estimates in the top and bottom line, but it was also forced to admit that it has failed. The company suffered a massive GAAP loss due to lower goodwill for several brands mainly Kraft. In addition, it is under the investigation of the SEC, and it also cut its dividend in order to strengthen its balance sheet.
I have sold all my shares in the company on Friday.
[...]
1. Gurus are not a guarantee
2. Diversification is still a key
3. Dividend streaks matter
https://seekingalpha.com/article/4243844...vidend-cut