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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
Posted by frogtown
Member since Aug 2017
5070 posts
Posted on 5/16/24 at 3:25 pm to
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.
Posted by DaBeerz
Member since Sep 2004
17066 posts
Posted on 5/16/24 at 3:51 pm to


look out below
This post was edited on 5/16/24 at 3:57 pm
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