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Pace Of Dividend Cuts Accelerates In February 2019

Published Thu, 21 Feb 2019 08:19:20 -0500 on Seeking Alpha

We're only two-thirds of the way through February 2019, but the pace at which distressed U.S. firms are announcing dividend cuts has picked up considerably.
Unlike what we saw in January 2019, however, the near-real time sources that we track for dividend cut announcements suggests that distress is spreading beyond the oil and gas sector of the economy.
Here's the list for the month through 20 February 2019:
Viper Energy (Nasdaq: VNOM)
Sabine Royalty Trust (NYSE: SBR)
Pitney Bowes (NYSE: PBI)
L Brands (NYSE: LB)
Arconic (NYSE: ARNC)
Unique Fabricating (NYSEMKT:UFAB)
Medley Capital (NYSE: MCC)
Artisan Partners Asset Management (NYSE: APAM)
CenturyLink (NYSE: CTL)
Clearway Energy (NYSE: CWEN)
AllianceBernstein (NYSE: AB)
Harvest Capital Credit (Nasdaq: HCAP)
Tekla Life Sciences Investors (NYSE: HQL)
Newtek Business (Nasdaq: NEWT)
Tekla Healthcare Investors (NYSE: HQH)
Permian Basin Royalty Trust (NYSE: PBT)
Cross Timbers Royalty Trust (NYSE: CRT)
Marine Petroleum Trust (Nasdaq: MARPS)
Owens & Minor (NYSE: OMI)
PermRock Royalty Trust (NYSE: PRT)
Fresh Del Monte (NYSE: FDP)
While firms in the oil and gas sector are still well represented, the overall number of these monthly variable dividend payers is so far more consistent with what we expect to see for these firms from month-to-month, which is a good sign following the deluge of dividend cuts announced by oil and gas industry firms in... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MARINE PETROLEUM TRUST 2.03   0.0 0.00 0.24 11.41
H&Q HEALTHCARE INVESTORS 19.76   0.0 0.00 1.84 9.31
CROSS TIMBERS ROYALTY TRUST 11.57   9.1 1.27 1.08 9.04
H&Q LIFE SCIENCES INVESTORS 16.51   0.0 0.00 0.00 9.00
CENTURYLINK 11.37   0.0 -7.51 1.00 8.48
PERMIAN BASIN ROYALTY TRUST 5.36   9.8 0.55 0.48 8.48
NEWTEK BUSINESS SERVICES 21.80   0.0 0.00 1.84 8.32
MEDLEY CAPITAL 2.44   0.0 -1.55 0.20 8.06
ARTISAN PARTNERS ASSET MANAGEMENT 28.94   11.4 2.53 2.20 7.78
ALLIANCEBERNSTEIN HOLDING LP 30.22   12.6 2.39 1.96 6.43
PITNEY BOWES 3.95   4.4 0.90 0.20 4.81
L BRANDS 26.37   11.6 2.28 1.20 4.54
L. BRANDS 26.37   11.6 2.28 1.20 4.54
SABINE ROYALTY TRUST 46.46   12.8 3.62 2.12 4.54
FRESH DEL MONTE PRODUCE 24.66   0.0 -0.56 0.30 1.22
OWENS & MINOR 2.64   0.0 -7.68 0.01 0.33

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
Dividends By The Numbers For August 2018
Dividends: U.S. Economy Slipped Somewhat In August 2016
Stocks Trading Ex-Dividend on 8/29/2012
Marine Petroleum Trust: Profit From Surge in Oil Price Through Attractive Dividends

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