SL Green Realty (SLG) has an interesting business model, focusing solely on commercial buildings in Manhattan. The model worked for many years, but the COVID-19
Category: Dividend Cuts and Suspensions
The section contains articles on dividend cuts and suspensions by publicly traded companies. The articles review the company announcements, provide an overview of the company, and discuss reasons for the action. In addition, the articles cover dividend safety before and after the reduction or omission.
We also include a list of dividend cuts and suspensions that is updated monthly.
Generally, a company takes action because the dividend safety declines to an unsustainable level. Often, the payout or dividend-to-free cash flow ratio becomes too high. Another cause is leverage becomes too high, and cash flow is needed to service the debt.
Industrial Logistics Properties Trust (ILPT) has a large following among retail investors because of its yield, property portfolio, and high occupancy rate. But the acquisition
B&G Foods was a popular stock because of its high yield. The company managed to grow the dividend sporadically from 2007 to 2019, after which
Another Dividend Champion lost its status two weeks ago. Mercury General (MCY), the insurance company, cut its dividend by 50% on August 2, 2022, after
A Dividend Champion rarely loses its status. Most companies with long streaks of dividend raises do not like to cut or freeze their dividends. They will often
Something interesting happened a few weeks ago. A Dividend Contender cut its dividend. This cut is the first dividend cut by any company that raised the dividend
AT&T (T) – Big Dividend Cut AT&T (T) is a dividend growth stock that many people own due to its consistency in paying a dividend
The Cheesecake Factory Incorporated (CAKE) is another restaurant stock that suspended its dividend in response to the coronavirus pandemic. The brand is popular in the
Molson Coors Beverage Company (TAP) unexpectedly suspended its dividend during the COVID-19 pandemic and recession. This action probably went against conventional wisdom and expectation, considering
Marriott International (MAR) announced a dividend suspension early in the COVID-19 pandemic. It is one of the 412 companies (as of this writing) on the list