Why Microchip would rather borrow money to pay its high dividend than cut it - MarketWatch
1. Microchip's stock is nearing a four-year low, reflecting significant performance decline. 2. Company missed quarterly earnings and has lowered sales expectations for upcoming quarter. 3. Dividend remains unchanged, but free cash flow strain raises concerns about sustainability. 4. Net sales dropped 41.9% YoY, marking the lowest since 2018. 5. 15 analysts cut price targets after disappointing earnings, showing increased bearish sentiment.