Big 5 Sporting Goods announces 50% dividend cut to $0.125 quarterly

US retailer Big 5 Sporting Goods (symbol: BGFV) has announced a 50% dividend cut from $0.25 to $0.125 quarterly per share. This is the third dividend cut since 2018 by the specialty retailer. Even with the big cut included the dividend yield remains high with 7% at a stock price of $7.06.

Piedmont Office Realty Trust cuts dividend by 40.5%

Piedmont Office Realty Trust (PDM) has declared a $0.125 per share quarterly dividend, down 40.5% from the previous dividend of $0.25 quarterly. 

BorgWarner cuts dividend by 35.3% to $0.11 quarterly in Q3 2023

BorgWarner , a global automotive supplier that designs and manufactures advanced propulsion technologies, including drivetrain systems, turbochargers, emission systems, electric propulsion solutions, and thermal management systems for vehicles, will lower its quarterly dividend from $0.17 to $0.11 quarterly per share.

15 US stocks have cut their dividend in 2023, including Intel and VF Corp

Intel (INTC) announced a big dividend cut in 2023. As of July 10, 2023, a total of 15 US listed stocks have announced a dividend cut so far. This however compares to more than 500 dividend hikes YTD. The most shocking dividend cuts in 2023 came from Intel (INTC) and VF Corporation (VFC).

Five reasons why companies have to cut or suspend their dividend

A dividend cut rarely happens in the United States , but when it happens it's mostly a big cut with the stock price taking a beating at the same time. We look at five reasons why companies will cut or suspend their dividend.

Real estate company Paramount Group cuts dividend by 54.8% to 3,5 cents in 2023

Commercial real estate company Paramount Group, Inc. (NYSE: PGRE) ('Paramount') announced today that its board of directors has declared a reduced quarterly cash dividend of $0.035 per share of common stock (a new indicated annual rate of $0.14 per share), for the period from April 1, 2023 to June 30, 2023.

Redwood Trust cuts dividend by 30.4% in Q2 of 2023

On June 13, 2023, Redwood Trust, Inc. (RWT), a leader in expanding access to housing for homebuyers and renters, announced that its Board of Directors has declared second quarter 2023 common and preferred stock dividends. The dividend yield is 9.9% at a stock price of $6.47.

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