Safeway Inc. FCF 197 mm better than last year due to lower expeditures.
Another stock suffering a big sell off today was Safeway. It dropped almost 20% during this trading session after reporting its quarterly report. Although the report missed the expectation, as a dividend investor, would you care about a quarter miss? The Safeway’s situation may be different however. In-store sales dropped and the competition is tougher than before.
Safeway have paid dividends since 2005 and increased the dividend for 7 consecutive years. Will the latest result change company’s dividend policy?
Thanks for this! I need to size up SWY tonight. It might be a potential put sale or investment since I get more capital tomorrow.
I agree. Another overreaction in the market. Same as AT&T yesterday. I have puts already sold.