RE: dividend cut31 Oct 2019 21:20
Some of the questions you are asking are not possible to answer.
They could halve the payout and IMB would still yield more than
the average UKX stock, so I can't see how there would be ..forced selling.
However, in terms of what any individual manager would do, you might
as well ask what are tomorrow's lottery numbers.
A lot depends on any detailed guidance given for the next 12 months.
What markets don't like is uncertainty and the market is clearly raising
questions on dividend sustainability, which is what the current yield indicates.
Markets tend to attempt to discount bad news before it arrives,
VOD significantly cut their dividend and the stock is well ahead over the
last few months.
I'm not making a buy case for IMB and don't currently hold,
will have a look on Monday. Always best to dyor.