WHY NOKIA’S DIVIDEND CUT IS REALLY GOOD NEWS $NOK $AAPL $MSFT $GOOG
Nokia stock is falling on news that the company will not pay its hefty dividend. Nokia was paying a dividend that yielded about 4%. Despite the elimination of a stream of cash to shareholders, the dividend cut is good for Nokia because its cash stood only at 4.36 billion euros at the end of December. Even though this was an increase of 796 million euros from the end of September, the cash level at Nokia is dwarfed against $137 billion cash at Apple. The savings from the dividend cut will allow Nokia to invest more in its business and give it more