Daily dividend news for investors in dividend stocks
Published Wed, 30 Mar 2016 07:48:35 -0400 on Seeking Alpha
INTRODUCTION
Back in January, I was catching up on the financial news and found this statement released by a J.P. Morgan (NYSE: JPM) analyst in which he claimed that Potash Corporation of Saskatchewan (NYSE: POT) would likely need to cut its dividend. I was surprised by this claim. While reading the comments section, many shareholders were quick to reject this assertion, defended the stock, claimed the analyst was attempting to profit from a short position and reiterated their long term holdings. As a result the stock price dropped 7% on the day. Much to my surprise, POT did cut the dividend three days later, the first time since the IPO in 1989.
As I thought about this event, I had a few questions such as:
Were there not any warning signs before this statement? Was anyone out there not warning about the possibility of a dividend cut before this? How could those shareholders have been so sure about POT and not have seen this coming?
Although I had already completed a series about companies that cut their dividends ( Part 1, Part 2, Part 3, Part 4), I had never considered if there were any warnings prior to a dividend cut. This article presents the results of my review of Seeking Alpha contributors and financial analyst's issuance of dividend cut warnings.
METHODOLOGY
My analysis contains 100 companies that have cut their dividends. I have included the majority of companies listed in David Fish's Champion, Challenger and Contender workbook as my base... 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 | |||||||
BAYTEX ENERGY TRUST | 1.44 | 0.0 | -0.14 | 0.00 | 65.28 | |||||||
EV ENERGY PARTNERS | 0.63 | 0.0 | 0.00 | 0.30 | 45.45 | |||||||
CARBO CERAMICS | 2.68 | 0.0 | -2.68 | 0.00 | 15.56 | |||||||
DYNEX CAPITAL | 15.16 | 0.0 | -10.26 | 1.80 | 12.06 | |||||||
PROSPECT CAPITAL | 6.71 | 16.8 | 0.40 | 0.72 | 10.76 | |||||||
CENTURYLINK | 13.53 | 0.0 | -7.43 | 1.00 | 7.94 | |||||||
CEDAR FAIR LP | 54.70 | 18.4 | 2.98 | 3.70 | 6.69 | |||||||
BHP BILLITON LTD | 50.96 | 0.0 | 0.00 | 3.12 | 6.20 | |||||||
CNOOC | 150.64 | 0.0 | 0.00 | 7.53 | 5.95 | |||||||
GANNETT | 10.82 | 98.4 | 0.11 | 0.64 | 5.89 | |||||||
UNITED-GUARDIAN | 19.36 | 0.0 | 0.00 | 1.10 | 5.74 | |||||||
RIO TINTO | 53.69 | 0.0 | 0.00 | 3.02 | 5.71 | |||||||
KIMCO REALTY | 20.39 | 25.5 | 0.80 | 1.12 | 5.57 | |||||||
AVON PRODUCTS | 4.59 | 0.0 | -0.13 | 0.00 | 5.33 | |||||||
KINDER MORGAN | 20.42 | 20.6 | 0.99 | 1.00 | 4.94 | |||||||
CHINA PETROLEUM & CHEMICAL | 61.69 | 9.6 | 6.42 | 2.71 | 4.91 | |||||||
TELEFONICA | 7.41 | 10.2 | 0.73 | 0.35 | 4.71 | |||||||
SEAGATE TECH | 56.30 | 7.9 | 7.11 | 2.52 | 4.55 | |||||||
PITNEY BOWES | 4.49 | 5.8 | 0.77 | 0.20 | 4.51 | |||||||
GETTY REALTY | 32.62 | 27.6 | 1.18 | 1.40 | 4.40 | |||||||
WASHINGTON REAL ESTATE INVESTMENT TRUST | 28.22 | 313.6 | 0.09 | 1.20 | 4.37 | |||||||
FNB CORP | 11.47 | 9.8 | 1.17 | 0.48 | 4.28 | |||||||
PEOPLES BANCORP | 32.68 | 12.8 | 2.55 | 1.36 | 4.27 | |||||||
WELLS FARGO | 48.65 | 10.0 | 4.84 | 2.04 | 4.22 | |||||||
COMERICA | 64.76 | 8.3 | 7.79 | 2.68 | 4.18 | |||||||
CHINA MOBILE LTD | 42.82 | 0.0 | 0.00 | 1.75 | 4.15 | |||||||
KEYCORP | 18.03 | 10.7 | 1.68 | 0.74 | 4.08 | |||||||
LEGG MASON | 39.76 | 0.0 | -0.66 | 1.60 | 4.03 | |||||||
NOBLE | 1.96 | 0.0 | -1.36 | 0.00 | 3.94 | |||||||
INVESTORS REAL ESTATE | 71.99 | 0.0 | 0.00 | 2.80 | 3.93 | |||||||
WATSCO | 169.19 | 26.4 | 6.41 | 6.40 | 3.88 | |||||||
REGIONS FINANCIAL | 16.25 | 10.1 | 1.61 | 0.62 | 3.87 | |||||||
PFIZER | 37.28 | 17.0 | 2.19 | 1.44 | 3.85 | |||||||
VILLAGE SUPER MARKET | 26.10 | 15.1 | 1.73 | 1.00 | 3.83 | |||||||
CORPORATE OFFICE PROPERTIES TRUST SBI MD | 29.55 | 20.0 | 1.48 | 1.10 | 3.70 | |||||||
BB&T | 52.79 | 13.1 | 4.04 | 1.80 | 3.51 | |||||||
BOARDWALK PIPELINE | 11.27 | 9.7 | 1.16 | 0.40 | 3.45 | |||||||
FIFTH THIRD BANCORP | 28.03 | 9.5 | 2.94 | 0.96 | 3.44 | |||||||
WESBANCO | 37.41 | 12.5 | 3.00 | 1.24 | 3.44 | |||||||
SUNTRUST BANKS | 68.16 | 12.0 | 5.68 | 2.24 | 3.38 | |||||||
KINROSS GOLD | 4.73 | 473.0 | 0.01 | 0.00 | 3.31 | |||||||
FULTON FINANCIAL | 16.74 | 12.1 | 1.38 | 0.52 | 3.20 | |||||||
STATE STREET | 60.27 | 10.9 | 5.51 | 1.88 | 3.20 | |||||||
SYNOVUS FINANCIAL | 37.56 | 11.1 | 3.39 | 1.20 | 3.16 | |||||||
S&T BANCORP | 37.23 | 12.1 | 3.07 | 1.08 | 3.04 | |||||||
OLD NATIONAL BANCORP | 17.77 | 13.7 | 1.30 | 0.52 | 3.01 | |||||||
COCA-COLA FEMSA SAB DE CV | 61.42 | 16.8 | 3.66 | 1.86 | 2.99 | |||||||
UDR | 48.03 | 84.3 | 0.57 | 1.37 | 2.86 | |||||||
FASTENAL | 33.63 | 25.1 | 1.34 | 0.88 | 2.68 | |||||||
COPA | 101.57 | 101.6 | 1.00 | 2.60 | 2.60 | |||||||
TEEKAY | 4.42 | 0.0 | -1.53 | 0.11 | 2.53 | |||||||
LINCOLN NATIONAL | 60.32 | 8.6 | 7.05 | 1.48 | 2.48 | |||||||
BANK OF AMERICA | 29.67 | 10.6 | 2.80 | 0.72 | 2.45 | |||||||
ENSCO | 8.27 | 0.0 | -6.35 | 0.16 | 2.20 | |||||||
CONOCOPHILLIPS | 56.35 | 9.1 | 6.20 | 1.22 | 2.17 | |||||||
AVERY DENNISON | 113.00 | 41.1 | 2.75 | 2.32 | 2.04 | |||||||
ASTRAZENECA | 42.90 | 49.3 | 0.87 | 0.88 | 2.03 | |||||||
FREEPORT-MCMORAN COPPER & GOLD | 10.37 | 23.6 | 0.44 | 0.20 | 1.98 | |||||||
NOBLE ENERGY | 24.64 | 0.0 | -1.92 | 0.48 | 1.98 | |||||||
KKR & CO LP | 28.05 | 10.7 | 2.63 | 0.50 | 1.86 | |||||||
TRANSALTA | 6.55 | 0.0 | -0.73 | 0.12 | 1.83 | |||||||
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 | |||||||
LA-Z-BOY CHAIR | 33.05 | 23.0 | 1.44 | 0.52 | 1.61 | |||||||
ENCANA | 4.68 | 4.0 | 1.16 | 0.08 | 1.60 | |||||||
CENOVUS ENERGY | 9.50 | 59.4 | 0.16 | 0.15 | 1.58 | |||||||
DEVON ENERGY | 24.56 | 3.0 | 8.07 | 0.36 | 1.47 | |||||||
STURM RUGER & CO | 44.41 | 19.3 | 2.30 | 0.56 | 1.27 | |||||||
ENERPLUS RESOURCES FUND | 7.31 | 5.3 | 1.37 | 0.09 | 1.26 | |||||||
MASCO | 43.19 | 17.8 | 2.43 | 0.48 | 1.13 | |||||||
NATIONAL PRESTO INDUSTRIES | 95.11 | 0.0 | 0.00 | 1.00 | 1.13 | |||||||
TEXTAINER GROUP | 10.77 | 19.6 | 0.55 | 0.00 | 1.11 | |||||||
VULCAN MATERIALS | 144.91 | 34.3 | 4.23 | 1.24 | 0.87 | |||||||
GOLDCORP | 11.19 | 0.0 | -4.77 | 0.00 | 0.70 | |||||||
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 | |||||||
GENERAL ELECTRIC | 9.26 | 0.0 | -2.15 | 0.04 | 0.44 | |||||||
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 | |||||||
HUSKY ENERGY | 7.07 | 0.0 | 0.00 | 0.00 | 0.00 | |||||||
PDL BIOPHARMA | 2.37 | 7.9 | 0.30 | 0.00 | 0.00 | |||||||
POTASH CORP OF SASKATCHEWAN | 20.65 | 0.0 | 0.00 | 0.00 | 0.00 | |||||||
RENT-A-CENTER | 25.50 | 12.1 | 2.10 | 1.00 | 0.00 | |||||||
SEADRILL | 3.08 | 0.0 | 0.00 | 0.00 | 0.00 | |||||||
SUPERVALU | 32.49 | 98.4 | 0.33 | 0.00 | 0.00 |