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Here's why investors cheered as DH Corp. slashed its dividend Add to ...

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DH Corp. slashed its quarterly dividend on Monday and the shares rallied – making it clear that investors are now approaching this beaten-up stock with a fresh perspective.

Forget about buying into a story of stable profits and steady dividends. This has become a stock for bargain-loving turnaround enthusiasts who believe the news can’t get much worse – and Monday’s 8-per-cent pop looks like a good start.

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  • DH Corp
    $23.08
    -0.29
    (-1.24%)
  • Updated February 24 4:00 PM EST. Delayed by at least 15 minutes.

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