UK Companies that have announced dividend cuts in 2020 (so far)

ThrugelmirThrugelmir Forumite
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Dividend cuts this year

AnnouncedCompanyDividend cut/deferral (£m)
23-Mar-20Bonhill0.3
23-Mar-20Go-Ahead13
23-Mar-20Stagecoach22.3
23-Mar-20Aggreko46.5
23-Mar-20Colefax0.3
23-Mar-20IWG41.8
23-Mar-20Card Factory (2nd)21.9
23-Mar-20N Brown12
23-Mar-20ITV216.2
23-Mar-20Kingfisher158
20-Mar-20Marks & Spencer132.6
20-Mar-20InterContinental Hotels120.4
20-Mar-20Travis Perkins83.2
20-Mar-20Johnson Service8.7
20-Mar-20JD Wetherspoon4.2
19-Mar-20Crest Nicholson56
19-Mar-20Playtech33.9
19-Mar-20Elementis26
19-Mar-20NewRiver Reit16.5
19-Mar-20PPHE Hotel8.5
19-Mar-20Portmieirion3.1
19-Mar-20Gym Group1.6
19-Mar-20Shepherd Neame0.9
18-Mar-20MicroFocus165.1
18-Mar-20McCarthy &Stone18.8
18-Mar-20Marston’s17.8
18-Mar-20Restaurant Group12.4
17-Mar-20Shoe Zone4
16-Mar-20William Hill46.7
11-Mar-20Costain12.3
11-Mar-20Dignity12.2
10-Mar-20John Menzies12.2
26-Feb-20McColl’s Retail0.7
25-Feb-20Hammerson91.2
12-Feb-20INTU62.3
30-Jan-20Renishaw5.1
09-Jan-20Card Factory17.1
 TOTAL1505.8
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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Replies

  • ThrugelmirThrugelmir Forumite
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    Dunelm
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    It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
  • EdGasketTheSecondEdGasketTheSecond Forumite
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    RPS the list grows; there's no V shape dip to this one more like L shaped drop and devastation.
  • edited 24 March 2020 at 12:42PM
    ThrugelmirThrugelmir Forumite
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    edited 24 March 2020 at 12:42PM
    RPS the list grows; there's no V shape dip to this one more like L shaped drop and devastation.
    The FCA at the weekend requested that all London listed companies delay the publication of results for a period of at least 2 weeks. In order that the considerable disruption of the virus could be considered. There's going to be a slew of bad news in mid April onwards. 
    It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
  • Ceme3000Ceme3000 Forumite
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    Thrugelmir said:
    There's going to be a slew of bad news in mid April onwards. 
    This will be priced in already won't it? 
  • PrismPrism Forumite
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    Ceme3000 said:
    Thrugelmir said:
    There's going to be a slew of bad news in mid April onwards. 
    This will be priced in already won't it? 
    Possibly but there are going to be quite a few people who invested for yield under the assumption the dividends were relatively safe who may now find themselves in a situation that they may need to sell to top up their income. Made especially worse by the fact the the good dividend payers have fallen the worse, mostly being cyclical companies.
  • EdGasketTheSecondEdGasketTheSecond Forumite
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    What's the betting Shell will suspend it's dividend? Must be on the cards.
  • edited 24 March 2020 at 1:32PM
    Username999Username999 Forumite
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    edited 24 March 2020 at 1:32PM
    What's the betting Shell will suspend it's dividend? Must be on the cards.
    They are "slowing down" the share buy backs.
    They were still buying yesterday.

    Doubt they will suspend the dividend, cut maybe.
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  • ThrugelmirThrugelmir Forumite
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    What's the betting Shell will suspend it's dividend? Must be on the cards.
    They are "slowing down" the share buy backs.
    They were still buying yesterday.

    Doubt they will suspend the dividend, cut maybe.
    4th Quarter 2019 dividend was paid yesterday.  
    As for 1st Quarter 2020 much will depend on the resolution of the oil wars between Russia\Saudi Arabia and the USA. 

    It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
  • Sue58Sue58 Forumite
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    I wander if the big paying dividend insurance companies such as Legal & General or Aviva will be next?
  • ThrugelmirThrugelmir Forumite
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    Declared dividends for FY19 are most likely safe. 
    It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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