VF Says Nothing Is Off the Table as It Looks to Reduce Leverage. Here's What It Means for Dividend Investors.
VF (NYSE: VFC), once known as Vanity Fair, has an iconic history. But that history has been tarnished of late, as the company refocused around a small list of fashion brands. There have been some very big changes already, but the new CEO has made clear that nothing is off the table as VF tries to turn its business around. Here's what that could mean.
VF had a very long history of increasing its dividend annually -- until it didn't, thanks to a dividend cut at the start of 2023. Companies hate cutting their dividends because investors generally find such a move distasteful. Although the big issue for income investors is that they earn less dividend income after a dividend cut, such a move can also signal material business weakness.
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