So I'm looking at this report on Ecovyst which will pay a special dividend of $3.2 later this month.
From this report, it looks like they had a net loss last quarter of $7.2M. How can a company which is losing money issue such a large dividend? Shouldn't they use that money to grow, or at least pay off their debts before handing it over to shareholders?
Submitted August 10, 2021 at 11:17AM by pragmojo https://ift.tt/3lMqSoN
