Nissan at ‘Rock Bottom’ Drops on Dividend Cut, Weak Profit

Bloomberg | May 15, 2019 at 12:11 AM

Nissan Motor Co. shares fell to their lowest since 2012 after predicting annual operating profit below even the most pessimistic analyst’s estimate and cut its dividend for the first time in a decade, giving partner Renault SA a potential opening to push for greater control over their automaking alliance.