The Worst May Be Behind Us For Coronavirus Recession Dividend Cuts
Published Jun 16, 2020 on Seeking Alpha

There are signs the worst may now be behind dividend investors.
The best evidence is the rate at which dividend reductions and suspensions are being announced has considerably slowed from the torrid pace we were observing earlier in the quarter.
A quick review of the types of firms announcing dividend cuts and suspensions reveals that more than half are Real Estate Investment Trusts (REITs).
The number of dividend cuts being announced each day in the U.S. stock market began to explode in response to the developing coronavirus recession on 16 March 2020. Three months later, there are signs the worst may now be behind investors.
The best evidence of that change in affairs may be seen in the following chart tracking the cumulative number of dividend cuts and omissions announced during 2020-Q2, where from Day 62 through Day 76 (1 June 2020 through 15 June 2020), the rate at which these dividend reductions and suspensions are being announced has considerably slowed from the torrid pace we were observing earlier in the quarter.
So far in the first half of June 2020, we've counted 15 firms announcing dividend cuts or suspensions in our sampling of dividend declarations, far fewer than we've seen during similarly long blocks of time during the past three months. Here is the full list of U.S. firms either announcing dividend cuts or suspending their dividends from our regular sampling of dividend declarations during the first half of June 2020.
Flexsteel Industries (NYSE: FLXS) A.H. Belo (NYSE: AHC) Oxford Square Capital (Nasdaq: OXSQ) Helmerich & Payne (NYSE: HP) Urstadt Biddle Properties (REIT-Retail) (NYSE: UBA) Annaly Capital Management (REIT-Mortgage) (NYSE: NLY) Chimera Investment (REIT-Mortgage) (NYSE: CIM) Dynex Capital (REIT-Mortgage) (NYSE: DX) The Children's Place (Nasdaq: PLCE) Monroe Capital (Mortgage) (Nasdaq: MRCC) Redwood Trust (REIT-Mortgage) (NYSE: RWT) Plymouth Industrial REIT (REIT-Industrial) (NYSE: PLYM) Independence Realty Trust... Read more