SADL - Dividend Cuts At The Midpoint Of April 2020
As a general rule of thumb, when recessionary conditions are present in the U.S. economy, we'll see 25 or more dividend cut announcements during the course of a single month. We're at the halfway point of April 2020, we're barely into earnings season when most companies issue dividend declarations, and we've already tallied 25 from our regular sampling of dividend declaration announcements.
Not that it's a surprise to anyone at this point, but here's the chart to confirm the U.S. economy is well into the red zone that corresponds with the U.S. economy experiencing recessionary