DIVIDENDCUT.COM - News about dividend cuts and suspensions

Big 5 Sporting Goods Corporation (BGFV) will lower its quarterly dividend by 66.7 percent to $0.05 per share in the fourth quarter of 2018. This dividend will be paid on December 14, 2018, to stockholders of record as of November 30, 2018. The ex-date fort his reduced dividend of 5 cents is November 29. This dividend, which represents a reduction from the previous quarterly cash dividend rate of $0.15 per share, reflects the Company’s intent to utilize capital to maintain a healthy financial condition.

General Electric Company (GE) will cuts its dividend by another 91.8 percent to $0.01 quarterly per share in the fourth quarter of 2018. This follows a 50.0 percent dividend cut last year by the industrial giant. By reducing the dividend the company expects to retain $3.9 billion of cash per year compared tot he prior payout level. GE expects to announce the fourth quarter dividend in December 2018. A new $0.04 per share annualized dividend for General Electric would yield 0.4% at Tuesday’s closing price of $11.16.