Hudson City Bancorp announced today that the company will cut their quarterly dividend by 47% to $.08 per share.
This announcement of a 250% dividend increase by PNC is a step in the right direction towards restoring their dividend that once paid out $.66 per share every quarter.
BP announced today that the company will reinstate their dividend program at $.07 per share for the fourth quarter.
Whole Foods Market, Inc. announced yesterday that the company is reinstituting their quarterly dividend program at $.10 per share.
Last year's dividend cut was intended to save SuperValu $75 million, but has ended up costing them over $1 billion in lost market cap.
Global pharmaceutical company Bristol-Myers Squibb announced late yesterday that its Board of Directors has approved a quarterly dividend of $.31 per share.