Dawson Geophysical will not pay a dividend for the foreseeable future and has suspended the dividend payment fort the quarters ended Dec 31, 2014 and March 31, 2015.
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).
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.
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).
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.