Dividend Investors Beware: Flushing Financial Corporation's Unsustainable Payout
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Flushing Financial Corporation (NASDAQ:FFIC) is about to go ex-dividend in just four days. The company's next dividend payment will be US$0.22 per share, but a closer look reveals a trailblazer with questionable prospects for long-term financial stability. Dividend payments are crucial for maintaining investor confidence, and Flushing Financial Corporation's recent performance does little to alleviate concerns about its ability to sustain its payouts.
- The company's history of declining earnings and loss-making operations raises significant red flags regarding the long-term sustainability of its dividend payments.
- Will investors be willing to overlook these warning signs and take on the increased risk associated with investing in a potentially unstable dividend stock?