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« More Companies Raising Dividends in 2008 | Main | Buying Shares in This Recession »

October 01, 2008

Yet More Dividend Slashers

BAC, Bank of America - from $0.64 to $0.32 per share

C, Citigroup - from $0.32 to $0.16 per share

GGP, General Growth Properties - from $0.50 to suspended

HIG, Hartford Financial Services Group - from $0.53 to $0.32 per share

HRZB, Horizon Financial Corp. - from $0.135 to $0.05 per share

IBNK, Integra Bancorp. - from $0.18 to $0.01 per share

LEN, Lennar Corporation - from $0.16 to $0.04 per share

MCBC, Macatawa Bancorp. - from $0.13 to suspended

PFG, Principal Financial Group - from $0.90 to $0.45 (annually)

TSRI, TSR Inc. - from $0.08 to $0.05 per share

Posted at 07:33 PM in DIVIDEND SLASHERS |

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Comments

Assetologist

I view this as prudent financial management - control costs during tumultuous periods. When revenue uncertainly strikes I like to see these big firms slash their costs and unfortunately dividends are a big expense.

Dividends will return when the good times do too.

Posted by: Assetologist | October 04, 2008 at 10:36 AM

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