At the midpoint of this year it seems a good opportunity to review the biggest dividend stories of 2010.
As expected, BP announced today that the company will officially suspend their quarterly dividend in the wake of the Gulf oil spill disaster.
It was only 18 months ago that JP Morgan, Bank of America and even General Electric were in similar situations.
It has been widely speculated that BP would be forced to suspend their dividend program given the political pressure they are facing to do so.
BP shares plunged nearly 16% today as investors dumped the stock since a dividend cut appears imminent.