Citi analysts flag 'real risk' of Macy's dividend cut, shares tumble

October 30, 2017 by  
Filed under News

CHICAGO (Reuters) – Shares in Macy’s Inc tumbled more than 5 percent on Monday to a seven-year low after Citi analysts said the department store operator may cut its dividend to help pay down debt as it grapples with weak margins and foot traffic.

Source: Reuters Business News

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