{"slug":"dividend-increases-and-cuts","qid":"cuts_quarter","label":"Dividend cuts declared in the last 90 days, the deepest 14 first (one week is too thin for a table)","post_title":"Dividend Increases & Cuts This Week","post_url":"/blog/dividend-increases-and-cuts#q-cuts_quarter","columns":["ticker","prior_usd","new_usd","pct_change","declared_date","ex_date"],"rows":[{"ticker":"NXDT","prior_usd":0.15,"new_usd":0.03,"pct_change":-80,"declared_date":"2026-07-27","ex_date":"2026-09-15"},{"ticker":"SACH","prior_usd":0.05,"new_usd":0.01,"pct_change":-80,"declared_date":"2026-06-04","ex_date":"2026-06-15"},{"ticker":"MSB","prior_usd":0.24,"new_usd":0.05,"pct_change":-79.2,"declared_date":"2026-07-15","ex_date":"2026-07-30"},{"ticker":"MCHB","prior_usd":0.7,"new_usd":0.25,"pct_change":-64.3,"declared_date":"2026-08-19","ex_date":"2026-08-28"},{"ticker":"CRWS","prior_usd":0.08,"new_usd":0.03,"pct_change":-62.5,"declared_date":"2026-08-10","ex_date":"2026-09-11"},{"ticker":"PBT","prior_usd":0.0436,"new_usd":0.0187,"pct_change":-57.1,"declared_date":"2026-08-21","ex_date":"2026-08-31"},{"ticker":"CAG","prior_usd":0.35,"new_usd":0.175,"pct_change":-50,"declared_date":"2026-07-15","ex_date":"2026-07-30"},{"ticker":"WEN","prior_usd":0.14,"new_usd":0.07,"pct_change":-50,"declared_date":"2026-08-07","ex_date":"2026-09-01"},{"ticker":"MNR","prior_usd":0.64,"new_usd":0.36,"pct_change":-43.8,"declared_date":"2026-08-06","ex_date":"2026-08-17"},{"ticker":"KMDA","prior_usd":0.25,"new_usd":0.17,"pct_change":-32,"declared_date":"2026-08-17","ex_date":"2026-08-27"},{"ticker":"CHCT","prior_usd":0.48,"new_usd":0.33,"pct_change":-31.2,"declared_date":"2026-08-04","ex_date":"2026-08-19"},{"ticker":"SCM","prior_usd":0.1133,"new_usd":0.0833,"pct_change":-26.5,"declared_date":"2026-07-16","ex_date":"2026-07-31"},{"ticker":"PFLT","prior_usd":0.1025,"new_usd":0.08,"pct_change":-22,"declared_date":"2026-06-02","ex_date":"2026-06-15"},{"ticker":"FDX","prior_usd":1.45,"new_usd":1.22,"pct_change":-15.9,"declared_date":"2026-06-08","ex_date":"2026-06-22"}],"shape":"series","sql":"WITH universe AS (\n    SELECT ticker, argMax(market_cap, date) AS mcap\n    FROM global_markets.stocks_ratios\n    WHERE date >= today() - 10 AND market_cap > 0\n    GROUP BY ticker\n),\nregular AS (\n    SELECT ticker,\n           ex_dividend_date,\n           max(declaration_date) AS declared_on,\n           argMax(cash_amount, declaration_date) AS amt,\n           argMax(frequency, declaration_date) AS freq\n    FROM global_markets.stocks_dividends\n    WHERE distribution_type = 'recurring'\n      AND cash_amount > 0\n      AND currency = 'USD'\n      AND frequency IN (1, 2, 4, 12)\n      AND ex_dividend_date >= today() - 800\n      AND ticker NOT IN ('SPCX')\n    GROUP BY ticker, ex_dividend_date\n),\nseq AS (\n    SELECT ticker, ex_dividend_date, declared_on, amt, freq,\n           lagInFrame(amt) OVER w AS prev_amt,\n           lagInFrame(freq) OVER w AS prev_freq,\n           lagInFrame(ex_dividend_date) OVER w AS prev_ex\n    FROM regular\n    WINDOW w AS (PARTITION BY ticker ORDER BY ex_dividend_date ASC ROWS BETWEEN 1 PRECEDING AND CURRENT ROW)\n),\nsplits AS (\n    SELECT ticker, groupArray(execution_date) AS split_dates\n    FROM global_markets.stocks_splits\n    WHERE execution_date >= today() - 900\n    GROUP BY ticker\n)\nSELECT s.ticker AS ticker,\n       round(s.prev_amt, 4) AS prior_usd,\n       round(s.amt, 4) AS new_usd,\n       round(100 * (s.amt / s.prev_amt - 1), 1) AS pct_change,\n       toString(s.declared_on) AS declared_date,\n       toString(s.ex_dividend_date) AS ex_date\nFROM seq s\nINNER JOIN universe u ON u.ticker = s.ticker\nLEFT JOIN splits sp ON sp.ticker = s.ticker\nWHERE s.declared_on > today() - 91\n  AND s.declared_on <= today()\n  AND s.prev_amt > 0\n  AND s.freq = s.prev_freq\n  AND arrayCount(x -> x > s.prev_ex, sp.split_dates) = 0\n  AND dateDiff('day', s.prev_ex, s.ex_dividend_date) BETWEEN intDiv(240, s.freq) AND intDiv(520, s.freq)\n  AND s.amt < s.prev_amt * 0.995\nORDER BY pct_change ASC, ticker\nLIMIT 14","computed_at":"2026-08-25T13:16:27.607457+00:00","elapsed":1.063349822}