Great Plains Energy stock hits 19-year low on dividend cut and lowered EPS forecast

摘要

Great Plains Energy’s common stock plunged to its lowestnlevel in 19 years last week after it slashed the dividend 50% andncut 2009 earnings per share guidance from the $1.30-$1.60nissued in November to $1.10-$1.40.nIt was the first dividend cut announced in the power sectornthis year.