Retirement homes operator Orpea suspends dividend in 2022
Orpea is a former Dividend Growth stock with 10 consecutive years of increases through 2019. Orpea SA , the France based operator of retirement homes, will not pay a dividend this year in order to pay down debt. Orpea's stock price crashed in 2022 after accusations of mistreatment of elderly in its nursing homes. It is the second time in three years that shareholders will not receive a dividend from Orpea, a former Dividend Aristocrat in Europe with 10 years of dividend growth through 2019.