Reported 4 days ago
Stellantis CEO Carlos Tavares indicated that potential cuts to the company's dividend and share buybacks could be on the horizon as shares dropped to their lowest point since July 2022. This decline was driven by concerns over the automaker's U.S. operational challenges and a recent profit warning, which led to a significant drop in investor confidence, prompting Barclays to downgrade the stock. Tavares noted it was premature to confirm plans for the 2025 dividend, emphasizing the need for careful review in light of current market conditions.
Source: YAHOO