Many companies are in cash conservation mode in an effort to weather the coronavirus pandemic. As a result, quite a few companies have gone the route of suspending dividend payments and more are expected to follow suit. In an effort to stay on top of all these significant dividend changes, we have created this Dividend Suspension Tracker. The following is a list of $10 billion plus companies that have suspended dividend payments.
Dividend Suspension 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 suspensions. To be notified of significant changes to this Dividend Suspension Tracker, click the bell on the bottom right to receive free Dogs of the Dow Notifications.
Dividend Suspension FAQ
What is a dividend suspension?
A dividend suspension happens when a dividend-paying company stops paying dividends.
Which companies have suspended their dividends?
Here is the list of companies with a market cap above $10 billion that have recently suspended their dividends: Aptiv, ArcelorMittal, Banco Santander, Boeing, Carnival, CNH Industrial, Delta, Disney, Expedia, Ford, Freeport-McMoRan, General Motors, HCA Healthcare, Hilton, HSBC Holdings, ING Groep, Las Vegas Sands, Marriott, Melco Resorts, Ross, Southwest. TJX Companies, Western Digital, Westpac Banking, Weyerhaeuser, and Yum China.
Can preferred dividends be suspended?
Yes, preferred dividends can be suspended. However, preferred shareholders may be eligible to receive back payments for suspended dividends before a company resumes paying dividends to its other shareholders.
Are companies still paying dividends?
Dividend-paying companies typically try to maintain dividend payments to shareholders. However, in extraordinary situations such as the coronavirus pandemic, some companies have been forced to implement cash conservation measures which resulted in dividend suspensions or dividend cuts.