Some companies have been able to avoid suspending their dividends but in an effort to conserve cash during the coronavirus crisis, they are opting to lower their dividend payments. To stay on top of all these important dividend reductions, we have created this Dividend Cut Tracker. The following is a list of companies that have a market cap of over $10 billion and have cut dividend payments (though still pay a dividend). To see companies that have completely suspended their dividend payments, check our Dividend Suspension Tracker.
Dividend Cut Tracker Description: The following table includes and can be sorted on: company name, market cap, intraday stock price, and the intraday stock price percent change. This table will be updated as dividend paying companies announce dividend reductions. To be notified of significant changes to this Dividend Cut Tracker, click the bell on the bottom right to receive free Dogs of the Dow Notifications.
Dividend Cut FAQ
What is a dividend cut?
A dividend cut happens when a dividend-paying company reduces the amount of its dividend payout.
Can preferred dividends be cut?
Yes, preferred dividends can be cut or suspended.
Which companies have cut their dividends?
Here is the list of companies with a market cap above $10 billion that have cut their dividends since the beginning of the pandemic: Anheuser-Busch, Annaly Capital Management, The Blackstone Group, BP, Capital One, CenterPoint Energy, Dominion Energy, Equinor, Halliburton, MGM, Orange, Prudential PLC, Rollins, Shell, Schlumberger, Simon Property, Southern Copper, STMicroelectronics, Suncor Energy, Ventas, Wells Fargo, Welltower, and WestRock.
What stocks pay the best dividends?
Companies with a good track record of paying dividends are members of the Dividend Aristocrats and Dividend Kings. These companies have consistently increased their dividend payments for 25 years and 50 years respectively.
