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0.000533475593491567 0.00154707922112559 0.0014158442251267 0.00162710056014926 -0.00549479861296346 -0.00773539610562826 -0.00928247532675385 -0.00928247532675385
Stock impact report

Defense stocks fall after Trump threatens to ban dividends, buybacks [Yahoo! Finance]

Raytheon Technologies Corporation (RTX) 
Company Research Source: Yahoo! Finance
afternoon after President Donald Trump threatened to prohibit dividends and stock buybacks for defense companies. In a post on his social media platform Truth Social, Trump criticized defense contractors for issuing "massive dividends" and conducting stock buybacks "at the expense and detriment of investing in plants and equipment." He declared that this situation "will no longer be allowed or tolerated." Trump also targeted executive compensation in the defense industry, calling pay packages "exorbitant and unjustifiable" given delivery delays of military equipment. He suggested capping executive pay at $5 million, which he described as "a mere fraction of what they are making now." The president's comments specifically addressed what he perceives as slow production and maintenance of military equipment. "I will not permit dividends or stock buybacks for defense companies until such time as these problems are rectified," Trump wrote, adding that defense contractors should use t Show less Read more
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