Huge dividend and huge losses

What's going on when a company pays ridiculous dividends yet the stock is plummeting. Case in point, gmex. Shows over 3000% dividend yet the stock is $2.32 from a high around $295,000 Another less crazy example is icahn. 27.5% dividend but its down 87% over 5 years. These stocks looks like the company is going belly up but the dividend looks like there's money to be made. Ive been watching icahn for a couple years and its always paid a great dividend. submitted by /u/MrT_LV [link] [comments]