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WPG - Washington Prime: The Cut Is In And We Are More Bullish
Washington Prime Group Inc.
Co-produced with Beyond Saving
Finally, after years of wondering what Washington Prime Group (WPG) would do to the dividend, they have cut it in half to $0.50/year, representing a dividend yield of 20% at the closing price.
We argued a year ago that they couldn't cut the dividend because of their taxable income, but that 2020 WPG would have the ability to cut. Earlier this year, we wrote an article directly discussing the possibility.
Whether their dividend is $0.50, it remains at $1.00 or falls anywhere in-between, it's a company that is worth