Tuesday, July 15, 2008

Another One Bites The Dust

General Motors (GM) announced today that they would be suspending their dividend. This is yet another in the long line of companies that cut their dividends or stopped paying dividends completely. This stoppage is different, it is not in a financial stock hurt by the credit crisis but an auto manufacturer hurt by the rising commodity prices and problems in the domestic auto market. This cut makes me wonder how many dividend achievers and dividend aristocrats will be left at the end of this market cycle.

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