Alight Inc (ALIT) has disclosed a new risk, in the Accounting & Financial Operations category.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Alight Inc. faces significant uncertainty regarding its ability to continue paying quarterly cash dividends on its Class A Common Stock, as this is contingent upon the financial performance and cash flow of its subsidiary, Alight Holdings. The Board of Directors retains the discretion to reduce or halt dividend payments, which could adversely impact the company’s market reputation and stock value. As a holding company, Alight Inc. lacks independent revenue-generating assets, making it reliant on distributions from Alight Holdings to fund dividends. This dependency poses a risk to the sustained availability of cash for other strategic business purposes, such as investments or debt repayment.
The average ALIT stock price target is $9.50, implying 12.29% upside potential.
To learn more about Alight Inc’s risk factors, click here.
