More dividend cuts See MOTOROLA dividend cuts here Hartford Financial Services Group Inc. said it intends to cut its quarterly dividend 84% to 5 cents as it swung to a fourth-quarter loss on investment losses. Shares fell 13% to $13.14 in after-hours trading as the results fell far short of Wall Street's expectations. "This was clearly the most challenging year in our company's nearly 200-year history," said Chief Executive Ramani Ayer. He said the company plans to make capital preservation and risk mitigation priorities this year by de-risking the variable annuity ...
More Dividend Cuts :Hartford Cuts Dividend by 85% To 5 Cent
Posted by Kris | Friday, February 06, 2009 | Stocks | 0 comments »
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment