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+--- Thread: Dividend Announcement Thread! (/showthread.php?tid=443)
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RE: Dividend Announcement Thread! - EricL - 05-23-2020
Molson-Coors (TAP) suspends the dividend. Gotta love them doing so with a weekend 8-K and no press release eh?
On May 21, 2020, the Board determined that it will suspend its regular quarterly dividends on its Class A and Class B common shares otherwise payable in the
2020 fiscal year. In addition, Molson Coors Canada Inc. also determined on May 21, 2020 that it will suspend its regular quarterly dividends on its Class A and
Class B exchangeable shares payable in the 2020 fiscal year.
The Board’s decision to suspend the dividend follows a number of other steps the Company has taken in recent weeks with the aim of protecting and bolstering the
Company’s liquidity position in response to the global economic uncertainty created by the Coronavirus pandemic. Those steps include: (i) reducing planned 2020
capital expenditures by approximately $200 million; (ii) reducing discretionary spending, limiting new hiring and decreasing marketing spend corresponding to the
current environment; (iii) furloughing certain employees in the company’s Europe business and North America hospitality businesses; (iv) shifting marketing
investments to focus on key media platforms that the Company’s consumers are at and eliminating spend that the Company believes will not deliver value in the
current environment; (v) using savings from the revitalization plan it announced in October 2019 aiming to protect the Company’s liquidity position; (vi) prudently
utilizing the Company’s $1.5 billion credit facility as necessary; and (vii) actively evaluating various European government liquidity programs potentially available
to the Company and its subsidiaries.
RE: Dividend Announcement Thread! - EricL - 05-23-2020
Foot Locker (FL) suspends the dividend.
While Foot Locker remains committed to returning capital to shareholders, the Company's Board of Directors has decided to temporarily suspend the cash dividend beginning with the second quarter payment. The Board will continue to evaluate the dividend policy on a quarterly basis. As previously disclosed on April 22, the Company also temporarily suspended its share repurchase program.
RE: Dividend Announcement Thread! - fenders53 - 05-23-2020
The hits just l keep on coming Eric. I've noticed the bad news Friday night trick is getting a little more common. Maybe they won't notice lol. I don't think I am going to let any Div cutters slide. The may say they will evaluate quarter to quarter, but I think you lose two at an absolute minimum. They'd look like fools if the restore this summer quarter, then the virus stops back by this fall and the slaps down a factory you depend on for a month or two. I am chasing RDS.b but they still have decent a Div and the shares are getting close to attractive.
RE: Dividend Announcement Thread! - ChadR - 05-25-2020
The TAP cut is surprising. It was one of my stocks that wasn't worried about the dividend being cut. I figured their sales would be up during the time. Does this mean that DEO is my next stock to cut?
RE: Dividend Announcement Thread! - fenders53 - 05-25-2020
(05-25-2020, 11:42 AM)ChadR Wrote: The TAP cut is surprising. It was one of my stocks that wasn't worried about the dividend being cut. I figured their sales would be up during the time. Does this mean that DEO is my next stock to cut?
It's my estimation that we have about one more quarter to be concerned about the less than robust balance sheets. I would hope that companies will also resume providing guidance to analysts. When they decline to even give a forward revenue estimate, we are left guessing unless it's an aristocrat quality stock. I'd like to believe that 75%+ of the obvious cuts are behind us now as earnings season is practically over.
RE: Dividend Announcement Thread! - EricL - 05-25-2020
(05-25-2020, 11:42 AM)ChadR Wrote: The TAP cut is surprising. It was one of my stocks that wasn't worried about the dividend being cut. I figured their sales would be up during the time. Does this mean that DEO is my next stock to cut?
Think about all of the stadiums, restaurants, concert venues, resorts, casinos, etc. that are closed down right now. Keg sales are more profitable than single-serve. So even if people are drinking at home, it doesn't make up for the loss of sales from those venues.
RE: Dividend Announcement Thread! - EricL - 05-29-2020
OXY cuts again. So glad I dumped this stock, wouldn't be surprised at all if it goes BK in the coming quarters.
Occidental Petroleum (OXY -5.5%) says it is cutting its quarterly dividend to $0.01/share from $0.11 previously, a 91% reduction.
The company already trimmed its payout in March to $0.11 from $0.79; the latest cut will save $360M/year.
RE: Dividend Announcement Thread! - fenders53 - 05-29-2020
(05-29-2020, 02:00 PM)EricL Wrote: OXY cuts again. So glad I dumped this stock, wouldn't be surprised at all if it goes BK in the coming quarters.Hope everyone here sold. It's nothing but a dumpster fire. This may allow them to pay the next preferred dividend. It will be interesting to see how this progresses.
Occidental Petroleum (OXY -5.5%) says it is cutting its quarterly dividend to $0.01/share from $0.11 previously, a 91% reduction.
The company already trimmed its payout in March to $0.11 from $0.79; the latest cut will save $360M/year.
RE: Dividend Announcement Thread! - EricL - 06-02-2020
15.74% dividend increase for UnitedHealth Group (UNH).
At its meeting, the Board authorized payment of a cash dividend of $1.25 per share, to be paid June 30, 2020, to common stock shareholders of record as of the close of business June 22, 2020.
What a juggernaut!
RE: Dividend Announcement Thread! - EricL - 06-11-2020
Target (NYSE:TGT) declares $0.68/share quarterly dividend, 3% increase from prior dividend of $0.66.
Forward yield 2.27%
Payable Sept. 10; for shareholders of record Aug. 19; ex-div Aug. 18.
RE: Dividend Announcement Thread! - fenders53 - 06-11-2020
Any raise is a good one, unless it's the obligatory penny to maintain aristocrat poser status lol.
RE: Dividend Announcement Thread! - EricL - 06-11-2020
(06-11-2020, 07:19 AM)fenders53 Wrote: Any raise is a good one, unless it's the obligatory penny to maintain aristocrat poser status lol.
I was expecting just a penny raise, so TGT doubled my expectations!