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

Earlier 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.’”

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