👑 Another King takes a ding.
Along with $MMM and $LEG, $TDS becomes the third Dividend King in the past month to have its dividend streak assassinated.
Thankfully, similar to Leggett, we never bought TDS in my DGI classes over the past six years at @MarketScholars.
"Everyday Americans only care about two price points — gas + grocery store prices. Earnings have actually grown at a faster pace than overall inflation, but food at the grocery store + restaurants have grown faster than wages."
via @awealthofcs
https://t.co/GNihRhEFaY
Declining prices for many goods are helping slow inflation, but basics such as housing, food, gasoline, and energy continued to come in hotter than expected. https://t.co/Mua8gMjPG2
American Tower Corporation cuts the dividend by 4.7% from $1.70 to $1.62 per share. This ends 11 consecutive years of dividend growth. $AMT expects to maintain an annual dividend payout in 2024 that is relatively flat compared to that of 2023.
Walgreens $WBA makes the prudent move to cut its dividend by nearly 50%. A long turnaround ahead to try and catch up with larger, more vertically-integrated rivals.
So #Pfizer actually hiked its dividend last week in response to several questions about a possible cut. That is a strong move! Check all dividend increases in the new Dividend Freak video. https://t.co/saXQw3smDC
https://t.co/P0ao6GubKf
Territorial Bancorp $TBNK has made the tough decision to cut its quarterly cash dividend by 78.3% to $0.05 per share. The challenging interest rate environment and higher mortgage rates have impacted the banking industry says CEO Allan Kitagawa. #Finance#DividendCut