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Business, 26.11.2019 02:31 puffley

Dubai metro's stock price was at $100 per share when it announced that it will cut its dividend for next year from $7 per share to $3 per share, with additional funds used for expansion. prior to the dividend cut, dubai metro expected its dividends to grow at a 6 percent rate, but with the expansion, dividends are now expected to grow at 9 percent. how do you think the announcement will affect dubai metro's stock price?

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