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.

Sotheby's stops dividend payments

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Sotheby's (BID) will cancel its quarterly dividend of $0.10 per share.

Instead of the dividend Sotheby's will buy back $200 million of it's own stock.

Sotheby's stock lost 40% lost year, preceeded by a 19% share price drop in 2014.

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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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