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.
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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.
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).