PRT - Pace Of Dividend Cuts Accelerates In February 2019

We're only two-thirds of the way through February 2019, but the pace at which distressed U.S. firms are announcing dividend cuts has picked up considerably.

Unlike what we saw in January 2019, however, the near-real time sources that we track for dividend cut announcements suggests that distress is spreading beyond the oil and gas sector of the economy.

Here's the list for the month through 20 February 2019:

• Viper Energy (VNOM)

• Sabine Royalty Trust (SBR)

• Pitney Bowes (PBI)

• L Brands (LB)

• Arconic (ARNC)

• Unique Fabricating (UFAB)

• Medley Capital (MCC)

• Artisan Partners Asset Management (APAM)

• CenturyLink

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