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Dividend Announcement Thread!
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.
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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?
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(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.
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(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.
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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.
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(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.

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.
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.
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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!
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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.
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Any raise is a good one, unless it's the obligatory penny to maintain aristocrat poser status lol.
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(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!
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