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re: Cracker Barrel (CBRL) 52 week low today, $1.30 dividend, goes EX-Dividend tomorrow
Posted on 5/16/24 at 3:25 pm to Tiger Hoops
Posted on 5/16/24 at 3:25 pm to Tiger Hoops
Huge dividend cut just announced.
"In conjunction with this plan, the Company is modifying its capital allocation to support increased investment in the business to drive organic growth. As part of this shift to increase investment in the business, the Company has reduced its quarterly dividend to $0.25 per share."
This was more than I expected. I thought they would cut it in half.
"In conjunction with this plan, the Company is modifying its capital allocation to support increased investment in the business to drive organic growth. As part of this shift to increase investment in the business, the Company has reduced its quarterly dividend to $0.25 per share."
This was more than I expected. I thought they would cut it in half.
Posted on 5/16/24 at 3:51 pm to frogtown
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
look out below
![](https://i.imgur.com/tjMxP01.gif)
This post was edited on 5/16/24 at 3:57 pm
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