Crown Crafts cuts dividend by 62.5%

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Crown Crafts (CRWS) will cut its dividend by 62.5% to 3 cents quarterly per share in 2026. This ends 16 consecutive years with steady or growing dividend payments by the provider of infant, toddler and juvenile consumer products.

Rayonier cuts dividend by 16.7%

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U.S. forestry company Rayonier will cut its dividend from $0.30 to $0.25 per share.

Rayonier stock tumbled the most in almost six years after it restated quarterly earnings after an internal review found some timberlands were incorrectly included in inventory.

According to CEO David Nunes the dividend reduction will provide the necessary balance between the near term financial goals and long-term shareholder interests.

The indicated dividend yield for Rayonier (ticker RYN) now is 3.5% based on Monday's closing price of $28.82.

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Dividend cuts can signal a company's financial difficulties or a strategic shift in resource allocation. Here, we highlight the 10 companies in the USA with the largest dividend cuts in 2024 so far. Included are their dividend cuts, yields, year-to-date (YTD) stock performance, and latest stock prices, along with a brief description of their business activities. The two biggest cuts include two former dividend aristocrats : 3M (MMM) and Walgreens Boots Alliance (WBA).
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