Here Is a List of Companies That Have Suspended Dividends or Stopped Stock Buybacks in April

After dozens of companies suspended or cut their dividends in recent weeks amid the coronavirus-driven business slowdown, some analysts believe dozens more are vulnerable across a variety of sectors.

What's more, the recently passed $2 trillion coronavirus relief act requires companies that accept federal aid to suspend buybacks, dividends, or other capital distributions until 12 months after the loan is repaid in full.

Here is a running list of companies that have cut or suspended their dividend payments or stock-buyback programs in April, as well as related news:

April 30 • Royal Dutch Shell (RDS.A) cut its dividend by 66% to 16 cents a share, the first reduction since 1945.

• Dunkin’ Brands Group (DNKN) suspended its quarterly dividend of 40 cents a share and its share-repurchase program.

April 29 • Dine Brands Global (DIN), operator of IHOP and Applebee’s, suspended its quarterly dividend of 76 cents a share after earlier pausing its stock-buyback program.

• Gildan Activeware (GIL) suspended share repurchases and its quarterly dividend of 15 cents a share.

• Marine Products (MPX) reduced its quarterly dividend to 8 cents a share from 12 cents.

• Standard Motor Products (SMP) suspended its quarterly dividend of 25 cents a share and halted its stock-buyback program.

April 28 • Harley-Davidson (HOG) halted share repurchases and cut its quarterly dividend to 2 cents a share from 38 cents.

• UPS (UPS) is suspending share buybacks, but it is maintaining its dividend.

• Yum China Holdings (YUMC) suspended its quarterly dividend of 12 cents a share for the next two quarters as well as share buybacks.

April 27 • General Motors (GM) suspended its dividend and halted share buybacks as part of a deal with lenders on a debt repayment timeline.

April 24 • Terex (TEX) suspended its quarterly dividend of 12 cents a share.

April 23 • Patterson-UTI Energy (PTEN) halved its quarterly dividend to 2 cents a share and also halted share buybacks.

• Arch Coal (ARCH) suspended its quarterly dividend of 50 cents a share.

• Invesco (IVZ) cut its dividend by half to 15.5 cents a share from 31 cents.

• Expedia Group (EXPE) is halting its quarterly dividend of 34 cents a share.

April 22 • Quest Diagnostics (DGX) suspended share repurchases through year’s end, but said it remains committed to its quarterly dividend.

• Bluegreen Vacations (BXG) suspended its 13-cent-a-share quarterly dividend.

April 20 • Meredith (MDP) suspended its quarterly dividend of 60 cents a share amid a decline in ad revenue.

April 17 • Las Vegas Sands (LVS) suspended its quarterly dividend of 79 cents a share.

• Schlumberger (SLB) cut its dividend by 75% to 12.5 a share.

April 16 • ConocoPhillips (COP) suspended share repurchases.

• Dine Brands Global (DIN), operator of IHOP and Applebee’s, has halted outstanding stock buyback orders and is evaluating its dividend policy.

• Goodyear Tire & Rubber (GT) suspended its quarterly dividend of 16 cents a share.

• MTS Systems (MTSC), a maker of test systems and motion sensors, is suspending its quarterly dividend of 30 cents a share.

• Cedar Fair Entertainment (FUN) suspended its quarterly dividend of 94 cents a share.

• Columbia Sportswear (COLM) said it will temporarily suspend its quarterly dividend of 26 cents a share and suspend share repurchases.

• Dana (DANA) suspended its quarterly dividend of 10 cents a share.

• Green Plains Partners (GPP) cut its quarterly cash distribution by 75% to 12 cents a unit.

April 15 • Covanta Holding (CVA) cut its dividend by two-thirds to 32 cents a share a year.

• Estée Lauder (EL) suspended its next quarterly dividend, which was slated for June, and temporarily suspended share repurchases of its class A shares.

• Noble Energy (NBL) reduced its dividend to an annualized amount of 8 cents a share, down from 48 cents.

• Plantronics (PLT) suspended its 15-cent-a-share quarterly dividend.

• Kelly Services (KELYA) suspended its dividend until conditions improve.

April 13 • AMC Entertainment Holdings (AMC) suspended its 3-cent-a-share quarterly dividend.

April 10

• Advance Auto Parts (AAP) has suspended share repurchases.

April 9

• SM Energy (SM) reduced its semiannual cash dividend to a penny a share, down from 10 cents.

• WD-40 (WDFC) suspended its stock-buyback plan but its regular dividend of 67 cents a share is due to be paid April 30 to stockholders of record on April 17.

April 8

• Choice Hotels International (CHH) suspended the company’s share repurchase plan and said it will suspend undeclared dividends for the rest of 2020.

April 7

• VF Corp. (VFC) has paused its share-repurchase program though it hasn’t suspended its dividend.

• Continental Resources (CLR) will suspend its quarterly dividend as the oil producer looks to manage cash flow during the pandemic.

• Cato (CATO) has suspended its quarterly dividend as the women’s apparel retailer extended its store closures until further notice.

• Group 1 Automotive (GPI) has suspended its dividend and canceled its stock buyback authorization. Group 1 had paid a 29-cent dividend in February.

April 6

• Genuine Parts (GPC) said it is suspending share repurchases but said it has the “liquidity to operate through these uncertain times as well as continue to pay the dividend.”

April 3

• The European Union’s insurance regulator has asked insurers and reinsurers in the region to temporarily suspend dividends and consider a postponement of bonuses amid the coronavirus pandemic.

• Herman Miller (MLHR) postponed payment of its quarterly dividend that was to be paid April 15, saying instead that it intends to pay to the original shareholders of record when the board decides at a later date. Future dividends were suspended. The furniture maker also said it suspending certain employer-paid retirement contributions, among other cost-saving measures.

April 2

• Dave & Buster’s Entertainment (PLAY) suspended dividends and share buybacks, among a number of other measures, to conserve cash as its arcade-themed restaurants are closed.

• Bed Bath & Beyond (BBBY) indefinitely postponed its dividend and plans for share repurchases, among other measures to conserve cash.

• Brinker International (EAT) suspended its quarterly dividend and share buybacks, among other steps as its Chili’s and Maggiano’s restaurants operate for takeaway dining only.

April 1

• Texas-based utility CenterPoint Energy (ticker: CNP) said it would make a “targeted reduction” in the quarterly dividend of its common stock to 15 cents a share from 29 cents.

• Vail Resorts (MTN) said it will cut its quarterly cash dividend for the next two quarters, though it will continue to pay its dividend on April 9.

Comments? E-mail us at

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.