BB&T announced yesterday that they are reducing their quarterly dividend by 68% to $.15 per share.
Black & Decker announced today that they are cutting their quarterly dividend by 71% to $.12 per share.
Fortune Brands announced today that the company is reducing their quarterly dividend by 57% to $.19 per share.
U.S. Steel announced yesterday that they are reducing their quarterly dividend by 83% to $.05 per share.
Last week, Pfizer slashed their dividend by 50%, but was their dividend cut even necessary?