Title: Suspension of BP Dividend Hits Investors by Rebecca Olles

Description: Article weighs in on how BP cutting it’s dividend will affect individual investors both domestically and internationally. Steve is asked his opinion on the subject.

Quote:

” Stephen Craffen, a financial adviser for Stonegate Wealth Management in Fair Lawn, said the suspension sets a bad precedent.

‘It bows to politicians by not paying the dividend,’ he said. ‘It will hurt local investors because they’ll hold back their dividends three quarters and hurt their cash flow and affect the value of the stock in turn.’ ”

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