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Foot Locker (FL) reports today (cc at 10AM tomorrow). Yesterday they boosted the quarterly dividend by 39% payable Feb. 2nd to holders of record Jan. 19th. So what to expect for the earnings report? Are they saying we're going to blow you away? Or are they saying earnings suck, but we'll pay you if you stick with us for a few more months? river
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I'd look at the earnings of other specialty clothing retailers..Foot Locker's earnings performance will probably be consistent with theirs.=============================
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Thank you MrM! So you're basically saying that the dividend increase announcement isn't necessarily a harbinger of earnings. Will look further. Again thanks. riverComment
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Boosting a dividend is a bullish sign but it depends on the company and how they make their money.Originally posted by riverbabe View Post
If a company historically makes money by investing its capital in innovative projects and then decides to pay a dividend (MSFT is a good example) it means that they are running out of profitable investments for their cash and decided to spill it back to shareholders.=============================
I am HUGE! Bring me your finest meats and cheeses.
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Will watch this one with interest and listen to the cc. Earnings were forecast to be in line with expectations. Thanks for your insight, MrHuge. riverComment
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