Oh. And Baxter Cut Its Dividend By ~40%, As Of Yesterday. YAWN. No Biggie.

This is actually a "bad news/good news" event, as the company seeks to square away its various (and recent, Hurricane Helene related) challenges.

It didn't make great sense -- to be handing shareholders that much of "doubly taxed" cash.

A med tech company ought to be paying out closer to 2.5% in dividends, as opposed to nearly. . . 6%. That is inefficient tax planning for. . . everyone.

I realize lots of senior citizens / retirees count on those quarterly cash inflows, to meet medical and other expenses. But it is likely that once the Vantive Kidney Care businesses are fully spun out from Deerfield, that portion of the old dividend will likely be taken up by the new owners.

Onward.

नमस्ते