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.

Joy Global cuts dividend by 95%

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Joy Global (JOY) will lower its quarterly dividend from $0.20 to $0.01 per share.

The reduction in the dividend is being driven by the significant downturn in commodity prices and the resulting impact on the company's bookings, revenues and cash flows, according to the worldwide leader in mining equipment and services.

The new $0.04 annual dividend translates into an indicated dividend yield of 0.3%.

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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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