Nokia (NOK) May Skip Dividend Payout Again for FY13, Analysts Say
Nokia (NYSE: NOK) may look to conserve cash again after suspending its dividend for 2012 as it looks to put more behind growing smartphone market share amid increasing competition.
According to Bloomberg analysts, Nokia might cut its dividend for 2013. The analysts were previously modeling a €0.10 per share payout.
On January 24th, Nokia announced that it would be skipping its FY12 payout for the first time in 143 years. The next announcement is expected to come around the same time in 2014.
Ahead of the bell, Nokia is indicated for a lower open.
According to Bloomberg analysts, Nokia might cut its dividend for 2013. The analysts were previously modeling a €0.10 per share payout.
On January 24th, Nokia announced that it would be skipping its FY12 payout for the first time in 143 years. The next announcement is expected to come around the same time in 2014.
Ahead of the bell, Nokia is indicated for a lower open.