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Dividends: U.S. Economy Slipped Somewhat In August 2016

Published Wed, 07 Sep 2016 14:03:53 -0400 on Seeking Alpha

After posting their best two consecutive months since 2014, our monthly sampling of the number of U.S. firms acting to cut their dividends in August 2016 rose significantly.

The biggest change is that the number of firms in the oil production sector of the U.S. economy has declined significantly in recent months, thanks largely to the rebound in crude oil prices since they bottomed in February 2016.
Where they once dominated the count of the number of dividend-cutting firms, oil and gas firms now only make up a third of the total of our sample of 17 dividend-cutting firms for the month. The following chart gives an idea of where the level of distress in the U.S. economy appears to be increasing, but since it has been drawn from a small sample, we recognize that it may only represent a statistical blip that would hopefully not be sustained.

The table below lists the U.S. firms that announced dividend cuts during August 2016:
Publicly Traded U.S. Companies Cutting Dividends in August 2016
Date
Company
Old Dividend
New Dividend
2-Aug-2016
Ardmore Shipping (NYSE: ASC)
$0.16000
$0.11000
3-Aug-2016
Medallion Financial (Nasdaq: MFIN)
$0.25000
$0.05000
4-Aug-2016
Nordic American Offshore (NYSE: NAO)
$0.08000
$0.05000
4-Aug-2016
Computer Programs and Solutions (Nasdaq: CPSI)
$0.64000
$0.34000
5-Aug-2016
Apollo Investment (Nasdaq: AINV)
$0.20000
$0.15000
9-Aug-2016
... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
SAN JUAN BASIN ROYALTY TRUST 2.41   0.0 0.00 0.32 14.27
MARINE PETROLEUM TRUST 1.99   0.0 0.00 0.24 11.47
APOLLO INVESTMENT 16.05   13.6 1.18 1.80 11.32
MEDLEY CAPITAL 2.58   0.0 -1.62 0.25 9.36
WILLIAMS 23.28   291.0 0.08 1.52 6.58
DHT HOLDINGS 5.32   0.0 -0.02 0.08 6.17
MESA ROYALTY TRUST 6.68   5.7 1.18 0.34 4.81
MAGIC SOFTWARE ENTERPRISES 9.12   26.1 0.35 0.31 3.48
COMMUNICATIONS SYSTEMS 4.40   0.0 0.00 0.08 1.92
COMPUTER PROGRAMS AND SYSTEMS 21.37   16.2 1.32 0.40 1.83
TEXTAINER GROUP 6.93   12.6 0.55 0.00 1.78
HOUSTON WIRE & CABLE 3.62   7.4 0.49 0.00 0.00
MEDALLION FINANCIAL 4.45   0.0 -0.07 0.00 0.00
NORDIC AMERICAN OFFSHORE 3.47   0.0 0.00 0.00 0.00

SAN JUAN BASIN ROYALTY TRUST - SJT
SAN JUAN BASIN ROYALTY TRUST - SJT  


Older articles featuring San Juan Basin Royalty Trust (SJT):
Your 89 Top Yield MoPay Dividend Equities And 80 Funds For August
July's Monthly Dividends From 89 U.S. Equities And 80 Funds
Cumulative Dividend Cuts At The Midpoint Of Q2 2019
Dividends By The Numbers For April 2019
Dogcatcher's 88 Monthly Pay Dividend Equities And 80 Funds For March
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Dogcatcher's 23 'Safer' Monthly Pay U.S. December Dividend Equities
Monthly Paid Dividends From 87 All Cap U.S. Equities And 80 Funds For November
24 Safer Monthly-Dividend-Paying October Equities From Your Dividend Dogcatcher
22 'Safer' Monthly Dividend U.S. Equities Cover September Payouts With Cash

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