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The company announced an annual cash dividend.
In this video, I will talk about Alibaba (BABA -0.29%), review its recent earnings report, and talk about why the stock is down despite improved profitability and the announcement of an annual cash dividend.
*Stock prices used were from the trading day of Nov. 15, 2023. The video was published on Nov. 16, 2023.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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