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.

Marathon Oil cuts dividend by 76%

-
Marathon Oil Corporation (MRO) will lower its quarterly dividend from $0.21 to $0.05 per share.

Lee M. Tillman, Marathon Oil President and CEO, commented on the Board’s decision to adjust the dividend saying, “We believe the revised dividend appropriately addresses the uncertainty of a lower for longer commodity price environment. The decision aligns with our priority of maintaining a strong balance sheet through the cycle and provides us additional capital flexibility to support growth from our deep inventory of investment opportunities in the U.S. resource plays when commodity prices improve.”

Source: Marathon Oil

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