DIVIDENDCUT.COM - News about dividend cuts and suspensions

Sprague still offers a high dividend yield with 9.3% Sprague Resources LP (SRLP) will lower its quarterly distribution by 35 percent to $0.4338 per share in Q4 of 2021. The Master Limited Partnership (MLP) had last announced a dividend hike in 2019.

International Paper Co (NYSE: IP) has announced a dividend cut of almost 10 percent to $0.4625 per share. This ends a streak of 11 years of annual dividend increases by the paper packaging company. IP did not announce a dividend hike in 2020 and last raised its dividend in 2019 with a small 2.5% increase.