For dividend growth investors, such as myself, dividends are crucial.
First, they pay for lattes, then the phone bill, then the car payment, and then the mortgage.
Well, I am still at the “latte” stage.
Due to the ongoing Coronavirus pandemic, dividends are under pressure as companies try to hold on to cash while their earnings dwindle. Some companies with better cash positions are cutting dividends, others are outright suspending them until things get significantly better.
Here’s the list of companies that have suspended or cut their dividends since March 15, 2020; last updated on 6/13/2020:
- ALK — Alaska Air suspended its $0.375 dividend.
- AHH — Armada Hoffler Properties suspended its $0.220 dividend.
- TAP — Molson Coors Beverage Company suspended its $0.57 dividend.
- AHT — Ashford Hospitality Trust suspended its $0.06 dividend.
- RRR — Red Rock Resorts suspended its $0.10 dividend.
- ROST — Ross suspended its $0.29 dividend.
- KSS — Kohl’s suspended its $0.70 dividend.
- SKT — Tanger Factory Outlet Centers suspended its $0.36 dividend.
- ETH — Ethan Allen Interiors suspended its $0.21 dividend.
- PK — Park Hotels & Resorts suspended its $0.45 dividend.
- BJRI — BJ’s Restaurants suspended its $0.13 dividend.
- ODP — Office Depot suspended its $0.03 dividend.
- CRI — Carter’s suspended its $0.60 dividend.
- AHH — Armada Hoffler Properties suspended its $0.22 dividend.
- SITC — SITE Centers Corp. suspended its $0.20 dividend.
- LUV — Southwest Airlines suspended its $0.18 dividend.
- FUN — Cedar Fair suspended its $0.94 dividend.
- BBBY — Bed Bath and Beyond suspended its $0.17 dividend.
- CATO — The Cator Corporation suspended its $0.33 dividend.
- MAR — Mariott International, Inc. suspended its $0.48 dividend.
- CLDT — Chatham Lodging Trust suspended its $0.11 dividend.
- RHP — Ryman Hospitality Properties suspended its $0.95 dividend.
- CPHC — Canterbury Park Holding suspended its $0.07 dividend.
- CPLG — CorePoint Lodging suspended its $0.20 dividend.
- EXPE — Expedia suspended its $0.34 dividend.
- HT — Hersha Hospitality Trust suspended its $0.28 dividend.
- EPR — EPR Properties suspended its $0.38 dividend.
- HAL — Halliburton cut its dividend 75% from $0.18 to $0.05.
- SFL — SFL Corporation Ltd. cut its dividend 29% from $0.35 to $0.25.
- VER — VEREIT cut its dividend 44% from $0.14 to $0.08.
- CRT — Cross Timbers Royalty Trust cut its dividend 35% from $0.09 to $0.06.
- APTS — Preferred Apartment Communities cut its dividend 33% from $0.26 to $0.18.
- IVR — Invesco Mortgage Capital cut its dividend 90% from $0.50 to $0.05.
- CORR — CorEnergy Infrastructure Trust cut its dividend 93% from $0.75 to $0.05.
- HOG — Harley-Davidson cur its dividend 95% from $0.38 to $0.02. (source)
This list is a work in progress. I will be updating it every week.
If you like spreadsheets, check out this tracker which complements this post.
Let me know below if there’s a company that should be on the list but isn’t.