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Dividend Cuts At The Midpoint Of Q1 2020
Published Fri, 21 Feb 2020 03:23:00 -0500 on Seeking Alpha
The number of dividend cuts announced through the midpoint of the first quarter of 2020 is generally on track with the number that had been declared by this point of time in the first quarter of 2019.
Through February 14, 2020, we've counted a total of 24 dividend cuts announced through our two near-real time sources of dividend declarations, Seeking Alpha and the Wall Street Journal.
We've broken that full list up into two different categories, one for firms that pay variable dividends to their shareholders, with the amount of the dividends directly linked to their revenues and earnings, and the other for firms that fix the amount of their dividend payments independently of their business performance.
The number of dividend cuts announced through the midpoint of the first quarter of 2020 is generally on track with the number that had been declared by this point of time in the first quarter of 2019. The following chart shows how the cumulative total of dividend cuts in 2020-Q1 compares with the year-ago quarter of 2019-Q1, where the pace of dividend cuts in 2020-Q1 falls well within the "relatively healthy" portion of the chart.
Through February 14, 2020, we've counted a total of 24 dividend cuts announced through our two near-real time sources of dividend declarations, Seeking Alpha and the Wall Street Journal. We've broken that full list up into two different categories, one for firms that pay variable dividends to their shareholders, with the amount of the dividends directly linked to their revenues and earnings, and the other for firms that fix the amount of their dividend payments independently of their business performance.
Here's the first part of the list of dividend cuts announced by the variable dividend-paying firms through the halfway point of 2020-Q1.
MV Oil Trust (MVO) Mesabi Trust (MSB) VOC Energy Trust (VOC) PermRock Royalty Trust (PRT) Dorchester Minerals (DMLP) North European Oil Royalty Trust (NRT) Chesapeake Granite Wash... Read more
| Stock name | Last trade | P/E | Earnings/Share | Dividend/Share | Dividend yield | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARTIN MIDSTREAM PARTNERS | 4.19 | 0.0 | 0.00 | 1.00 | 24.39 | |||||||
| CHESAPEAKE GRANITE WASH TRUST | 0.63 | 0.0 | 0.00 | 0.13 | 23.39 | |||||||
| SUMMIT MIDSTREAM PARTNERS LP | 5.06 | 12.0 | 0.42 | 1.15 | 21.91 | |||||||
| VOC ENERGY TRUST | 5.29 | 7.2 | 0.73 | 0.82 | 16.27 | |||||||
| MV OIL TRUST | 7.55 | 5.5 | 1.38 | 1.22 | 15.76 | |||||||
| ENLINK MIDSTREAM LLC | 8.17 | 0.0 | -0.78 | 1.13 | 13.79 | |||||||
| NORTH EUROPEAN OIL ROYALTY TRUST | 6.37 | 7.9 | 0.81 | 0.88 | 13.75 | |||||||
| ALLIANCE RESOURCE PARTNERS L.P. | 15.86 | 4.5 | 3.49 | 2.16 | 12.95 | |||||||
| DORCHESTER MINERALS L.P. | 18.18 | 11.4 | 1.59 | 2.06 | 11.48 | |||||||
| ECA MARCELLUS TRUST I | 1.36 | 0.0 | 0.00 | 0.15 | 11.27 | |||||||
| APOLLO COMMERCIAL REAL ESTATE FINANCE | 19.35 | 12.6 | 1.54 | 1.84 | 9.57 | |||||||
| NEWTEK BUSINESS SERVICES | 22.91 | 0.0 | 0.00 | 2.32 | 8.09 | |||||||
| MANHATTAN BRIDGE CAPITAL | 6.26 | 0.0 | 0.00 | 0.48 | 7.71 | |||||||
| CENTERRA GOLD | 25.63 | 10.9 | 2.36 | 1.72 | 7.04 | |||||||
| FORD MOTOR | 9.41 | 17.1 | 0.55 | 0.60 | 6.37 | |||||||
| SABINE ROYALTY TRUST | 46.22 | 13.4 | 3.44 | 2.90 | 5.98 | |||||||
| TESSCO TECHNOLOGIES | 15.80 | 68.7 | 0.23 | 0.80 | 5.15 | |||||||
| MESABI TRUST | 24.73 | 7.3 | 3.37 | 0.84 | 3.57 | |||||||
| UNITED STATES STEEL | 13.13 | 2.3 | 5.65 | 0.20 | 1.61 |