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.

Drax Group cuts FY dividend by 32%

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British electrical power generation company Drax will cut its dividend for 2014 by 32%.

Drax will pay a final dividend of 7.2 pence compared to 8.9 pence last year.

For 2014 the total dividend will be 11.9 pence compared to 17.6 pence a year earlier. The indicated dividend yield for the company is 3.3%.

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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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