Delphi Drops Dividend

Things are going from bad to worse for Delphi. The company has already slashed its dividend twice, now it’s getting rid of it all together. The company should never have been spun-off by General Motors. Delphi is still hanging on to GM which remains its largest customer. The company is threatening to declare bankruptcy if it doesn’t get more concessions from its unions. Despite cutting its dividend, the stock is down today. I don’t see this company lasting to the end of the year.

Posted by on September 9th, 2005 at 10:57 am


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