VER - The Retiree's Dividend Portfolio - John's April Update: The Impact Of Dividend Cuts
Dividend Cuts And Suspension/Elimination
There were only two companies that suspended dividend payments during the month of April. Apple Hospitality (APLE) is a real estate investment trust (REIT) that operates hotels in 87 markets across the United States. According to the most recent earnings call, occupancies began to drop significantly and management made the tough decision to make significant cuts to staffing levels and various services (food and beverage) which were helpful in limiting the impact to earnings for the quarter.
Cost cuts were made across the board including executive