Nissan shares hit 4-year low as investors fear less-than-expected dividend

TOKYO -- Japanese automobile giant Nissan Motor's shares plunged on Friday as the company announced that it removed its dividend forecast due to weak earnings.

Nissan shares slid to 368.5 yen at one point, down 41.5 yen, or 10.1%, compared with the previous day's closing, taking the price to its lowest level since October 2020.