Learn from DX’s dividend disaster
Parcel delivery business DX (DX.:AIM) says it will not pay dividends for the foreseeable future after issuing yet another profit warning (7 Feb). The news is a reminder not to trust super high dividend yields; in the vast majority of cases this is the market rightly guessing a dividend will be cut or suspended. DX was yielding more than 13% before this latest announcement.
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