You Can't Control Dividend Cuts, but You Can Control What You Do About Them
Piedmont Office Realty Trust (NYSE: PDM) recently announced that its dividend would be reduced to $0.125 per share per quarter -- $0.50 per year -- due to higher interest rates squeezing its margins. That's down from $0.21 per share per quarter previously, and it's a serious blow to anyone relying on its shares for income.
Higher interest rates, along with post-COVID preferences toward working from home, have made things a bit tough for offices and the companies that own them. Piedmont Office Realty Trust's dividend might have been a recent casualty of those two factors, and it likely won't be the only one affected.
As an individual investor, you can't control dividend cuts, but you can control what you do about them.
Source Fool.com
