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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
MARINE PETROLEUM TRUST 2.20   0.0 0.00 0.34 15.91
SAN JUAN BASIN ROYALTY TRUST 2.27   0.0 0.00 0.31 13.43
APOLLO INVESTMENT 16.78   14.2 1.18 1.80 10.73
WILLIAMS 24.29   303.6 0.08 1.52 6.12
MEDLEY CAPITAL 2.61   0.0 -1.62 0.15 5.81
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
COMPUTER PROGRAMS AND SYSTEMS 23.81   18.0 1.32 0.40 1.71
COMMUNICATIONS SYSTEMS 5.09   0.0 0.00 0.08 1.62
DHT HOLDINGS 5.90   0.0 -0.02 0.08 1.37
TEXTAINER GROUP 10.77   19.6 0.55 0.00 1.11
HOUSTON WIRE & CABLE 4.61   9.4 0.49 0.00 0.00
MEDALLION FINANCIAL 5.95   0.0 -0.07 0.00 0.00
NORDIC AMERICAN OFFSHORE 3.47   0.0 0.00 0.00 0.00

MARINE PETROLEUM TRUST - MARPS
MARINE PETROLEUM TRUST - MARPS  


Older articles featuring Marine Petroleum Trust (MARPS):
Cumulative Dividend Cuts At The Midpoint Of Q2 2019
Dividends By The Numbers In February 2019
Pace Of Dividend Cuts Accelerates In February 2019
Dividends By The Numbers For August 2018
Stocks Trading Ex-Dividend on 8/29/2012
Marine Petroleum Trust: Profit From Surge in Oil Price Through Attractive Dividends

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