DIVIDENDCUT.COM - News about dividend cuts and suspensions

Conagra Brands (NYSE: CAG) announced a sharp dividend reduction on July 15, 2026 , cutting its quarterly dividend by 50.0% to $0.175 per share .

Flowers Foods (NYSE: FLO) has announced a sharp dividend reduction in 2026. The bakery company lowered its quarterly dividend by 49.5% to $0.125 per share, down from the previous quarterly payment of $0.2475. 

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).

US retailer Big 5 Sporting Goods (symbol: BGFV) has announced a 50% dividend cut from $0.25 to $0.125 quarterly per share. This is the third dividend cut since 2018 by the specialty retailer. Even with the big cut included the dividend yield remains high with 7% at a stock price of $7.06.

Piedmont Office Realty Trust (PDM) has declared a $0.125 per share quarterly dividend, down 40.5% from the previous dividend of $0.25 quarterly. 

BorgWarner , a global automotive supplier that designs and manufactures advanced propulsion technologies, including drivetrain systems, turbochargers, emission systems, electric propulsion solutions, and thermal management systems for vehicles, will lower its quarterly dividend from $0.17 to $0.11 quarterly per share.

Intel (INTC) announced a big dividend cut in 2023. As of July 10, 2023, a total of 15 US listed stocks have announced a dividend cut so far. This however compares to more than 500 dividend hikes YTD. The most shocking dividend cuts in 2023 came from Intel (INTC) and VF Corporation (VFC).

Commercial real estate company Paramount Group, Inc. (NYSE: PGRE) ('Paramount') announced today that its board of directors has declared a reduced quarterly cash dividend of $0.035 per share of common stock (a new indicated annual rate of $0.14 per share), for the period from April 1, 2023 to June 30, 2023.

On June 13, 2023, Redwood Trust, Inc. (RWT), a leader in expanding access to housing for homebuyers and renters, announced that its Board of Directors has declared second quarter 2023 common and preferred stock dividends. The dividend yield is 9.9% at a stock price of $6.47.

On May 4, 2023, Paramount Global (symbol PARA) announced a 79.2% dividend cut from $0.24 to $0.05 quarterly per share.

On March 14, 2023, Calavo Growers Inc. (trading symbol CVGW) declared a $0.10 per share quarterly dividend, down 65.2% from the previous quarterly dividend. 

Douglas Emmett stock is yielding 4.8% despite the dividend cut (image: company investor presentation) On December 9, 2022, US real estate investment trust Douglas Emmett (trading symbol DEI) announced a new quarterly dividend of $0.19 per share, down 32.1% from the previous quarterly payment of $0.28 per share.

On December 5, 2022, SL Green Realty Corp (trading symbol SLG) declared a monthly dividend of $0.2708 per share. This is 12.9% dividend cut from the previous monthly payment of $0.3108 per share. The dividend yield for SLG is 9.1% at a stock price of $34.76.

Southern Copper has cut its dividend two times in 2022 for a total decrease of 50%. On October 21, 2022, Southern Copper (trading symbol SCCO) declared a quarterly dividend of $0.50 per share, down 50% from the previous dividend of $0.75 quarterly per share. Its the second dividend cut by the copper miner.  The dividend yield is more than 4%.

Steelcase (SCS) has declared another dividend cut of 31% to $0.10 per share quarterly. This matches the exact same 31% dividend cut in 2020 by the furniture company.

ILPT is a REIT (Real Estate Investment Trust) Industrial Logistics Properties Trust (ticker symbol ILPT) has announced a 97% dividend cut to 1 cent quarterly per share on July 14, 2022.

James River Group Holdings (symbol JRVR), a Bermuda-based insurance holding company that owns and operates a group of specialty insurance and reinsurance companies, will lower its quarterly dividend from 20 cents to 5 cents per share.

PPL had previously hiked its dividend for 19 consecutive years Utility PPL Corporation (symbol PPL) has announced a dividend cut of 51.8% o 20 cents per share in 2022. PPL shareholders had a warning last year when the dividend was not increased after 19 straight years with an increase in the annual dividend.

Compass Minerals (CMP) , a leading global provider of essential minerals, will cut its dividend by almost 80 percent to 15 cents quarterly per share in 2021.

Sturm Ruger had raised its dividend 7 straight quarters US Firearms maker Sturm, Ruger & Company (symbol: RGR) will pay a dividend of $0.78 per share, down 21% from the previous quarterly dividend of $1.00 per share. The company pays a variable dividend based on the net income earned each quarter.