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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (77314)5/1/2025 9:24:34 AM
From: E_K_S  Read Replies (2) of 78782
 
Re: Organon & Co. (OGN)

Shares of Organon ( OGN, Financial) plunged approximately 13% in premarket trading after the company announced a significant cut in its quarterly dividend to $0.02 per share from $0.28. This decision comes as the Merck spinoff, focused on women's health and biosimilars, aims to revise its capital allocation goals to reduce debt. Organon plans to achieve a net leverage ratio below 4.0x by the end of the year. This announcement coincided with its Q1 2025 results, which exceeded earnings expectations but met revenue forecasts, reporting $1.7 billion in revenue.
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