Nokia expected to suspend dividend; all eyes on Lumia growth

Nokia Lumia smartphones are pictured in a shop in WarsawHELSINKI (Reuters) – Finnish mobile phone maker Nokia is expected to propose suspending its annual dividend payment for the first time in over 20 years, as it aims to save cash amid falling sales. The move, which it is set to announce with fourth-quarter results on Thursday, is likely to make many investors cautious about increasing their bets on a recovery at Nokia, which has fallen behind in the smartphone race against rivals Samsung and Apple. …

Nokia expected to suspend dividend; all eyes on Lumia growth

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