Dividend Safety Report

Objective Ratings of Dividend Stocks for Income Investors
RSS icon Email icon Home icon
  • Dow Chemical Slashes Dividend, Dropped from Coverage

    Posted on February 12th, 2009 admin 110 comments

    Dow Chemical (DOW) announced that it will pay a dividend of 15 cents a share on April 30, compared with its previous dividend of 42 cents.

    The company posted a fourth-quarter loss of $1.55 billion as the slowing economy reduced demand for the company’s products.  In addition, Dow is in a court battle over its previously announced acquisition of Rohm and Haas.

    As a result of the large cut in the dividend, DSR is dropping coverage of DOW.

  • Citigroup Cuts Dividend to $0.01

    Posted on January 20th, 2009 admin 110 comments

    Citigroup (C) said that its dividend will be cut to $0.01 after announcing a fifth straight quarterly loss. The bank had previously cut its dividend to $0.16 per share in October. Citigroup remains on the DSR dropped coverage list.