DIVIDENDCUT.COM - News about dividend cuts and suspensions

Big 5 Sporting Goods Corporation (BGFV) will lower its quarterly dividend by 66.7 percent to $0.05 per share in the fourth quarter of 2018. This dividend will be paid on December 14, 2018, to stockholders of record as of November 30, 2018. The ex-date fort his reduced dividend of 5 cents is November 29. This dividend, which represents a reduction from the previous quarterly cash dividend rate of $0.15 per share, reflects the Company’s intent to utilize capital to maintain a healthy financial condition.

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.

SCANA Corp (SCG) will lower its quarterly dividend by almost eighty percent to $0.1237 per share in 2018. This ends the company's record of 17 consecutive years with annual dividend increases. Last year the utility hiked its dividend by 6.5 percent.

Dine Brands Global, formerly DineEquity Inc (DIN), will cut its quarterly dividend by 35.1 percent to $0.63 per share in the first quarter of 2018.

WisdomTree Investments (WETF) will lower its quarterly dividend by 62.5 percent to $0.03 per share in the first quarter of 2018.

California utility company PG&E Corporation (PCG) will stop its dividend payments, citing uncertainty related to causes and potential liabilities associated with the extraordinary October 2017 Northern California wildfires.

NACCO Industries (NC) will lower its quarterly dividend from $0.2725 to $0.165 per share in the fourth quarter of 2016 following the Hamilton Beach Brands spin-off in September.