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Organon & Co. Investors: Please contact the Portnoy Law Firm to recover your losses. July 22, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-06-30 21:00
Core Viewpoint - A class action lawsuit has been initiated against Organon & Co. for allegedly misleading investors regarding its capital allocation strategy and dividend policies during the specified Class Period from October 31, 2024, to April 30, 2025 [1][3]. Group 1: Allegations and Financial Impact - The lawsuit claims that Organon concealed critical information about its capital allocation strategy, particularly regarding its quarterly dividend payout [3]. - Despite public statements emphasizing the dividend as the company's "number one priority," Organon had adopted a debt reduction strategy that conflicted with maintaining the dividend [3]. - Following the acquisition of Dermavant Sciences Ltd., Organon intended to shift its capital priorities towards debt reduction, which led to a significant cut in the dividend [3]. - On May 1, 2025, Organon announced a drastic reduction in its quarterly dividend from $0.28 to $0.02 per share, resulting in a stock decline of over 27% [4].
OGN CLASS ACTION: Invest in Organon & Co.? Contact BFA Law about the Pending Securities Fraud Class Action to Potentially Recover Losses (NYSE:OGN)
GlobeNewswire News Room· 2025-06-12 12:16
Core Viewpoint - A lawsuit has been filed against Organon & Co. and its senior executives for potential violations of federal securities laws, particularly related to misleading statements about dividend policies following a significant acquisition [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of New Jersey, under the case caption Hauser v. Organon & Co., et al., No. 25-cv-05322, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until July 22, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background and Acquisition - Organon is a global healthcare company focused on women's health, known for rewarding shareholders with dividends [3]. - In October 2024, Organon completed a $1.2 billion acquisition of Dermavant, a biopharmaceutical company, which increased its debt [3]. Group 3: Dividend Policy and Stock Performance - Following the acquisition, Organon assured investors it would maintain its dividend, which was stated as its "1 capital allocation priority" [3]. - On May 1, 2025, Organon announced a drastic cut in its dividend payout from $0.28 per share to $0.02 per share, citing a shift in capital allocation priorities towards debt reduction [4]. - This announcement led to a significant decline in Organon's stock price, dropping approximately 27% from $12.93 per share on April 30, 2025, to $9.45 per share on May 1, 2025 [4].
Don't Get Caught: 2 High-Yield Stocks Likely Nearing Dividend Cut
Seeking Alpha· 2025-06-10 13:15
Group 1 - The announcement of tariffs is expected to lead to widespread dividend cuts across various sectors [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [2] - Berzins has contributed to the institutionalization of the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - His work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2]
BCE Makes It Official: Why The 56% Dividend Cut Is Good News (Rating Upgrade)
Seeking Alpha· 2025-05-08 18:08
Group 1 - BCE Inc. has cut its annual dividend by 56% to $1.75 per share, which is seen as a positive move [1] - The reduction in dividend aims to improve the company's financial stability and potentially attract investor interest [1]
Dividend Cut Alert: 2 Popular High Yields Getting Too Risky
Seeking Alpha· 2025-04-29 12:30
Group 1 - High-yield stocks attract income-focused investors due to their potential for higher dividends compared to normal or low-yielding stocks [1] - The company invests significant resources, including thousands of hours and over $100,000 annually, into researching profitable investment opportunities [2] - The approach has resulted in over 180 five-star reviews from satisfied members who are experiencing benefits [2] Group 2 - The company offers high-yield strategies at a fraction of the cost, aiming to maximize returns for investors [2] - Immediate access to top investment picks is available for new members, highlighting the urgency of joining [1]