Nine companies eliminating dividends in 2020 declined an average of 52% this year.
It's important to note that these companies may have run out of cash if they didn't.
Looks like it is 11 Cancellations
The European Central Bank has instructed lenders to cancel all measures to return funds to shareholders. Regulators in the US and the UK should follow their example.
UK's Biggest Banks Scrap Dividends and Bonuses
Glencore Defers Dividend Payment
EasyJet Pays Dividend, Takes Bailout
Hong Kong Still Pays Dividends
All Shook Up
Goldman Sachs Sees Dividend Slash of 25%
A Different Kind of Dividend
Important to note that what's happened *so far* is largely baked in based on (bad) choices the U.S. made a week to a month ago, or longer. The data lags our actions to an extent that folks don't seem to fully appreciate. But making better choices *now* *will* pay dividends later.
Mike "Mish" Shedlock