Describe the possible reasons for price drop of stock


Southern Established Inc. has been paying out regular quarterly dividends ever since 1983. It just slashed dividend by half in present fiscal quarter and more severe cut is to be underway. Southern's stock price dropped from $35.25 to $31.75 when dividend cut was announced. Describe the possible reasons for this price drop.

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Business Management: Describe the possible reasons for price drop of stock
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