(https://www.marketwatch.com/story/ibm-workers-pay-a-400m-price-for-investing-in-company-stock-fb02f5fa?mod=mw_rss_topstories) $400M to stay loyal while the stock collapsed 25%. That's not a one-off event — it's a stress test of the dividend-stock infrastructure. When confidence evaporates that fast, it cascades to peers trading on similar mechanics. Look at the data: $WMT posted recent quarterly revenue with a net margin and share price.

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