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Nordstrom Suspends Dividends and Share Buybacks

Nordstrom, Inc. (NYSE:JWN) announced the suspending of its dividends and share buyback program as precautionary measures to strengthen its financial position in response to the rapidly changing market uncertainty due to the coronavirus (COVID-19). The two main actions taken are: suspending of its quarterly cash dividend beginning in the second quarter of fiscal 2020. The…

Ford Suspends Dividend To Preserve Cash

Ford Motor Co. (F) said on Thursday that it will suspend its dividend to preserve cash in the wake of the current Corona (Covid-19) crisis. In a statement, Ford announced it recently obtained 15.4 billion dollars of additional cash on balance sheet, drawing from two credit lines. On the news, shares of Ford fell almost…