Posts

Swedish Dividend Aristocrat Castellum shocks with dividend suspension

Image
In a rather shocking announcement Sweden’s real estate company Castellum AB announced that it will pause its dividend payments. Castellum had the best track record of all REITs in Sweden with 20+ consecutive years of dividend growth.

Southern Copper cuts dividend by (another) 50% in October 2022

Image
Southern Copper has cut its dividend two times in 2022 for a total decrease of 50%. On October 21, 2022, Southern Copper (trading symbol SCCO) declared a quarterly dividend of $0.50 per share, down 50% from the previous dividend of $0.75 quarterly per share. Its the second dividend cut by the copper miner.  The dividend yield is more than 4%.

Steelcase cuts dividend second time in 3 years | Another 31% cut

Image
Steelcase (SCS) has declared another dividend cut of 31% to $0.10 per share quarterly. This matches the exact same 31% dividend cut in 2020 by the furniture company.

Industrial Logistics Properties Trust cuts dividend by 97%

Image
ILPT is a REIT (Real Estate Investment Trust) Industrial Logistics Properties Trust (ticker symbol ILPT) has announced a 97% dividend cut to 1 cent quarterly per share on July 14, 2022.

Russia's Gazprom skips dividend for first time since 1998

Image
Gazprom will not pay a dividend in 2022. Russian gas giant Gazprom announced today that it will not pay a dividend to shareholders for the first time since 1998. On Thursday, June 30, it was announced that Gazprom shareholders voted against paying a dividend for 2021. This ends a long series of annual dividend payments by Gazprom.

Belgian food retailer Colruyt shocks with first dividend cut in decades

Image
Colruyt had one of the best dividend track records in Europe. The Belgian supermarket chain Colruyt , comparable to Kroger in the United States, will lower its dividend in 2022 for the first time in more than 30 years. The share has already fallen far on the Brussels stock exchange in recent years.

Ellington Residential cuts monthly dividend 20% in 2022

Image
Mortgage REIT Ellington Residential (symbol EARN) has announced a 20% dividend cut to 8 cents per share for the company's monthly dividend.