DIVIDENDCUT.COM - News about dividend cuts and suspensions

A dividend cut rarely happens in the United States , but when it happens it's mostly a big cut with the stock price taking a beating at the same time. We look at five reasons why companies will cut or suspend their dividend.

Commercial real estate company Paramount Group, Inc. (NYSE: PGRE) ('Paramount') announced today that its board of directors has declared a reduced quarterly cash dividend of $0.035 per share of common stock (a new indicated annual rate of $0.14 per share), for the period from April 1, 2023 to June 30, 2023.

On June 13, 2023, Redwood Trust, Inc. (RWT), a leader in expanding access to housing for homebuyers and renters, announced that its Board of Directors has declared second quarter 2023 common and preferred stock dividends. The dividend yield is 9.9% at a stock price of $6.47.