10-25-2018, 11:00 AM
(10-25-2018, 10:42 AM)divmenow Wrote:(10-25-2018, 10:13 AM)Otter Wrote: Also, big thumbs down to BUD for the 50% dividend cut. Maybe loading up on all that debt to acquire Inbev wasn't such a great idea.
Yeah I saw that news on BUD. Not good. Do you have shares?
I hold both BUD and MO (which owns a chunk of BUD). The income drop is not a significant percentage of my overall dividend income, but it is still disappointing. Been much happier with my DEO holding the past several years, but realize they occupy a slightly different space (predominantly spirits) in the alcohol market. Beer is a tough business at the moment.