Ellington Residential cuts dividend by 11%

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Ellington Residential Mortgage REIT (EARN) will lower its quarterly dividend to $0.40 per share.
Last year the dividend was already lowered from $0.55 to $0.45 quarterly.

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The 10 biggest dividend cuts in the USA for 2024

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Dividend cuts can signal a company's financial difficulties or a strategic shift in resource allocation. Here, we highlight the 10 companies in the USA with the largest dividend cuts in 2024 so far. Included are their dividend cuts, yields, year-to-date (YTD) stock performance, and latest stock prices, along with a brief description of their business activities. The two biggest cuts include two former dividend aristocrats : 3M (MMM) and Walgreens Boots Alliance (WBA).
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