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.

General Electric cuts dividend by 91.8%

General Electric Company (GE) will cuts its dividend by another 91.8 percent to $0.01 quarterly per share in the fourth quarter of 2018. This follows a 50.0 percent dividend cut last year by the industrial giant.

By reducing the dividend the company expects to retain $3.9 billion of cash per year compared tot he prior payout level. GE expects to announce the fourth quarter dividend in December 2018.

A new $0.04 per share annualized dividend for General Electric would yield 0.4% at Tuesday’s closing price of $11.16.

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