Sherritt International will cancel its dividend. Dividends were paid since the fourth quarter of 2013. The last quarterly dividend was 0.008 per share.
Commercial real estate company Paramount Group, Inc. (NYSE: PGRE) ('Paramount') announced today that its board of directors has declared a reduced quarterly cash dividend of $0.035 per share of common stock (a new indicated annual rate of $0.14 per share), for the period from April 1, 2023 to June 30, 2023.
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).