I suppose we all saw this coming: Fannie Mae just posted a rather large $2.2 Billion loss for the first quarter, and also announced a dividend cut that will take effect in the third quarter. I can’t say I blame FNM for trying to stem the bleeding, but it is never encouraging when a dividend cut hits the tape.
At least I can cling to the fact that none of the companies in the Dividend Superstars portfolio have reduced their payments yet. In fact, many have continue to increase their distributions.
Related posts:
- Despite Dividend Cuts, You Can Find Nice Yields! According to Standard & Poor’s, the second quarter saw the greatest number of dividend cuts in 18 years. The firm...
- Financial Stock Dividend Update There has been a lot of concern about the security of financial stocks’ dividends lately. And I can see...
- CVS Ups its Dividend 15% Well, it’s always nice to get a little positive news in this market, and today drug store chain CVS delivered...
