What happened to Baxter International Inc?

Baxter International Inc. closed $14.83 below its 52-week high ($44.01), which the company reached on March 8th. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.

Is Baxter International Inc (Bax) a good stock to buy?

Baxter International Inc. (NYSE:BAX) was included in 35 hedge fund portfolios at the end of Q3 2024, compared with 40 in the previous quarter, as per Insider Monkey's database. The stock held by these funds has a consolidated value of nearly $2 billion. Overall BAX ranks 4th on our list of the stocks with the biggest dividend cuts in 2024.

Will Baxter International's dividend cut be a surprise?

Baxter International Inc. (NYSE:BAX) dividend cut should not be a surprise for investors as the company's cash flow has been affected recently. In the first nine months of the year, the company generated $376 million in operating cash flow, down from $792 million in the same period last year.