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.

Murphy Oil cuts dividend by 28.6%

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Murphy Oil Corporation (MUR) will cut its quarterly dividend from $0.35 to $0.25 per share.

At a stock price of $26.75 the stock will have a dividend yield of 3.7% based on the new $1 annual dividend payment.

Murphy Oil had been increasing its dividend for 19 consecutive years prior to today's dividend cut. The stock is up 19% in 2016, but lost more than half of it's value last year.

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The 10 biggest dividend cuts in the USA for 2024

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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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