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Sampling Dividend Cuts In February 2016

Published Tue, 01 Mar 2016 07:42:09 -0500 on Seeking Alpha

While we're waiting for S&P's official tally of all the dividend cut declarations made in February 2016, which should be posted sometime later today, we thought we'd get a jump on what to expect by extracting a sample of the dividend cuts that our primary sources for real-time dividend cut announcements recorded during February 2016 to get a sense of what that report is likely to indicate.
The picture isn't good - the pace of dividend cuts during the current quarter of 2016-Q1 has now exceeded the level seen at this same point of time a year earlier. What makes this especially bad news is that the year ago quarter, 2015-Q1, was the worst quarter for dividend cuts in all of 2015.

The table below summarizes the data we've collected on the individual dividend cuts that we were able to sample throughout February 2016. The link for the company name will take you to the respective announcement or declaration, while clicking the stock ticker symbol will take you to the company's latest stock price quotes.
Sampling of February 2016 Dividend Cut Announcements and Declarations Date Company (Ticker) Old Dividendper Share New Dividendper Share PercentChange 1 Feb 2016 PDL BioPharma (Nasdaq: PDLI) $0.15 $0.05 -66.7% 2 Feb 2016 Twin Disc (Nasdaq: TWIN) $0.09 $0.00 -100.0% 2 Feb 2016 Rent-A-Center (NYSE: RCII) $0.24 $0.08 -66.7% 3 Feb 2016 Apollo Global Management (NYSE: APO) $0.35 $0.28 -20.0% 3 Feb 2016 ECA Marcellus Trust I (NYSE: ECT) $0.07 $0.07... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
BRISTOW GROUP 0.29   0.0 -10.17 0.00 97.87
CHESAPEAKE GRANITE WASH TRUST 0.63   0.0 0.00 0.13 23.39
ACACIA RESEARCH 2.95   0.0 -1.11 0.50 17.18
CVR PARTNERS 3.61   0.0 -0.01 0.56 15.30
ENDURO ROYALTY TRUST 3.60   2.6 1.39 0.53 14.39
ECA MARCELLUS TRUST I 1.36   0.0 0.00 0.15 11.27
CROSS TIMBERS ROYALTY TRUST 9.49   7.9 1.20 0.86 8.61
NEWTEK BUSINESS SERVICES 22.91   0.0 0.00 2.32 8.09
CENTERRA GOLD 25.63   10.9 2.36 1.72 7.04
EXTENDED STAY AMERICA 14.83   26.0 0.57 0.92 6.15
SABINE ROYALTY TRUST 46.22   13.4 3.44 2.90 5.98
GRAMERCY PROPERTY TRUST 27.49   38.2 0.72 1.50 5.46
APOLLO GLOBAL MANAGEMENT 40.58   33.3 1.22 2.00 5.03
GOLAR LNG 12.63   0.0 -3.96 0.60 4.76
MESA ROYALTY TRUST 8.07   6.7 1.21 0.32 4.15
MAGIC SOFTWARE ENTERPRISES 9.19   26.3 0.35 0.31 3.35
CONOCOPHILLIPS 56.35   9.1 6.20 1.22 2.17
KKR & CO LP 28.05   10.7 2.63 0.50 1.86
CIMAREX ENERGY 44.31   7.1 6.21 0.80 1.78
RANGE RESOURCES 4.38   0.0 -6.49 0.08 1.77
ANADARKO PETROLEUM 72.77   0.0 -1.19 1.20 1.65
DEVON ENERGY 24.56   3.0 8.07 0.36 1.47
ENERPLUS RESOURCES FUND 7.31   5.3 1.37 0.09 1.26
SYMANTEC 24.54   136.3 0.18 0.30 1.23
GULF ISLAND FABRICATION 6.24   0.0 -1.58 0.04 0.63
YAMANA GOLD 3.30   0.0 -0.14 0.04 0.60
GAMCO INVESTORS 19.85   5.5 3.61 0.08 0.41
NRG ENERGY 38.29   17.5 2.19 0.12 0.32
ENERGEN 70.21   16.2 4.33 0.00 0.12
ALON USA PARTNERS LP 16.55   0.0 0.00 0.00 0.00
PDL BIOPHARMA 2.37   7.9 0.30 0.00 0.00
PRECISION DRILLING 1.36   0.0 -0.57 0.00 0.00
RENT-A-CENTER 25.50   12.1 2.10 1.00 0.00
TWIN DISC 12.28   12.9 0.95 0.00 0.00
 
NORTHSTAR REALTY FINANCE  

BRISTOW GROUP - BRS
BRISTOW GROUP - BRS  


Older articles featuring Bristow Group (BRS):
Stocks Trading Ex-Dividend on 8/30/2016
12 Months Of High-Yield Bond Reviews From Durig Capital - The Recap
When Analysts Warn About A Dividend Cut, Should You Listen?
Dividends In Danger? Let's Restart This Series
Dividend Champions 100th Edition
Dividend Cuts Piling Up
Stocks Trading Ex-Dividend on 8/28/2015
Stocks Trading Ex-Dividend on 6/3/2015
Stocks Trading Ex-Dividend on 11/25/2014
Stocks Trading Ex-Dividend on 8/27/2014

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