U.S. Steel Just Cut Its Dividend. 5 Reasons Why It Didn’t Have a Choice.

 

U.S. Steel Just Cut Its Dividend. 5 Reasons Why It Didn’t Have a Choice.

The stock, down more than 26% in 2019 as of Thursday’s closing price, tumbled another 10.7% in Friday trading after U.S. Steel cut its dividend. U.S. Steel (ticker: X) cut its earnings forecast and, …

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