"Yesterday, ProSiebenSat.1 announced after the close of the stock exchange that it would pay a dividend of only five cents for 2022. By comparison, the company had still paid out 80 cents per share for 2021. Analysts had expected 66 cents for 2022. The dividend yield thus drops from 6.8 percent to almost zero."
Well, that's what happens when you only look at the dividend yield and think almost 7% is a nobrainer, then buy some garbage with a business model that has been going down the drain for years and can only desperately keep its head above water for a short time with exorbitantly high payouts. I look at you, tobacco industry! 👀
https://www.tagesschau.de/wirtschaft/finanzen/prosiebensat1-kurssturz-dividende-100.html
