President Donald Trump is taking aim at what he says are out-of-control dividends paid to shareholders of America’s largest defense contractors that could be better spent on increasing weapons production.
In a Wednesday Truth Social post, the president accused contractors of “issuing massive Dividends to their Shareholders and massive Stock Buybacks, at the expense and detriment of investing in Plants and Equipment” and warned that such a situation would “no longer be allowed or tolerated.”
