Nokia Will Not Pay Dividend to Investors For the First Time in 143 Years

| January 24, 2013 | 35 Replies

Nokia+logo,+Helsinki,+Finland+87570Earlier today Nokia published their Quarterly earnings for Q4 2012; announcing that they’re back in black with $585 Million dollars in profit. Q42012 is the first time in almost 2 years (7 Quarters exactly) that Nokia has netted a profit; Nokia’s choice to not pay dividend to investors is a strategy to assure people they know they still have some work to do, according to analysts:

The dividend omission “is a very important step because it shows management is conscious of the work that is ahead,” said Eric Beaudet, an analyst at Natixis Securities in Paris. “It’s clearly a strong signal to the market that says ’Don’t worry about our balance sheet, we’ll do what it takes.’”




Category: Lumia, Maemo, MeeGo, Nokia, S60, Symbian, Windows Phone

About the Author ()

Hey, my name's Ali- Currently a fifth (and final) year Dental Student from Chicago; studying in Jordan. I love all sorts of gadgets almost as much as I love my cookies! Be sure to follow my Twitter handle @AliQudsi and Subcribe to my Youtube for the latest videos - no pressure. Thanks.