- 17 companies in the Dow Jones US Total Stock Market Index cut their dividends this year.
- Companies in the S&P 500 spent $564.6 billion on dividends in 2022, the most in data going back to 2000.
- Intel Corp. slashed its dividend payment to the lowest level in 16 years.
- Companies are taking painful steps for employees, such as streamlining operations and reducing headcount.
- Dealers surveyed by Bloomberg News expect $40 billion of US investment-grade corporate bond issuance in the coming week.
With the Easy Money Gone, Executives Tighten Belts by Slashing Dividends
Cutting or pausing dividends is a step that corporate executives usually do everything possible to avoid as it can scare off investors and prompt them to move their capital elsewhere.
