Crown Crafts cuts dividend by 62.5%

-
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.

BW Offshore cuts dividend by a third

-
Norwegian offshore oil producer BW Offshore will cut its quarterly dividend by a third.

BW Offshore will lower its quarterly dividend payment from $0.03 to $0.02 per share. The dividend cut reflects the more uncertain outlook for the company because of the lower oil prices.

"In general prospects are being delayed due to the drop in oil price," according to the company today.

According to Bloomberg BW Offshore had a 11% indicated dividend yield prior to today's dividend cut.

Popular posts from this blog

The 10 biggest dividend cuts in the USA for 2024

-
Image
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).
Read more