Teva Dividend Could Be Hurt By Bank Of Israel’s Rate Cut

TEL AVIV (TheStreet) -- The recent decision from Bank of Israel to cut its basic cash rate to a historic low of 0.25% could also bring down the dividend payment to investors in leading Israeli companies such as Teva Pharmaceutical Industries a and Check Point Software Technologies . Why? This decision may depreciate the Israeli currency, the New Israeli Shekel, against the U.S.

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