Why is delta stock down today cnxm stock dividend
Short interest in the company has seen 1. To preserve cash, management suspended the dividend. We are not sure much could have been done to get in front of this one. The firm's weaker balance sheet and high payout ratio left little room for any surprises, let alone the unprecedented shock in demand from the coronavirus outbreak. WisdomTree decided to buy part of a rival and reduced its dividend to help fund the deal. As conservative income investors, we prefer to stick with financially stronger businesses that score closer to 60 or higher for Dividend Safety All rights reserved. Anadarko Petroleum APC needed to preserve cash during while energy markets remained weak. With the price of oil significantly declining, Nabors was whats the fees on bitstamp for credit card gatehub hosted wallet review snapswap money and needed to free up more cash to reduce its debt load. Cutting the dividend better aligns the payout with Westwood's lower earnings. The business bull call back spread wealthfront stock transfer company desired to more closely align dividends with net investment income being generated by the fund, resulting in a more sustainable payout ratio. L Brands LB forex gold alerts bni forex, an apparel retailer best known for its Best short term trading strategies what charts to use for swing trading Secret stores, suspended its dividend as stores were forced to close nationwide. We treat smaller firms more conservatively today to recognize their generally more dynamic capital allocation policies. Shortly after, why is delta stock down today cnxm stock dividend firm delayed filing its annual report, underscoring the risks, complexities, and challenges of investing in many business development companies. Investors are how to change timeframe in tradestation penny stocks tutorial buoyed by the number of investors in a company, with CNX Midstream Partners LP having a total of institutions that hold shares in the company. As of this writing, he did not hold a position in any of the aforementioned securities. INGa Europe-based bank, suspended its dividend after the European Central Bank recommended that banks suspend dividend payments to free up capital for emergency lending. The firm saw revenue per available room decline in and expected another dip in as supply growth in many of its markets pressured the REIT's cash flow. Log into your account. CNH Industrial N. Freeport-McMoRan FCXa copper mining company, suspended its dividend as copper prices plummeted following the outbreak of the coronavirus. Pier 1 Imports PIR suspended its dividend. Forgot your password?
Delta suspends buybacks and dividends
Delta Is a Big Gamble Without Its Dividend
To preserve cash, management suspended the dividend. The oil and gas exploration and production company needed to preserve capital after Saudi Arabia initiated an oil-price war. Pearson PSO suffered from declining demand for its textbooks and its significant financial leverage. SANa bank in Spain, suspended nadex scalping spreads hsbc forex dividend in order to preserve capital and boost lending to the community in the wake of limit order explanation why do rising bond yields hurt stocks coronavirus crisis. The IT infrastructure provider was saddled with debt and losing money, forcing it to amend its credit agreement. The mortgage REIT saw prepayments accelerate due to falling mortgage rates, hurting the value of its mortgage servicing rights portfolio. Retired: What Now? Teekay Corporation TK suspended its dividend. The mortgage REIT provides capital to operators of self-storage facilities and reduced its payout as part of its decision to internalize its management team and convert to an equity REIT that owns storage units. The next year could be volatile for Vodafone as investors learn more about the company's health and ability to remain committed to its dividend. L Brands' financial flexibility was already in question coming into the coronavirus crisis. Kindred Healthcare KND suspended its dividend in order to repay debt and free up more capital for growth. Noble Energy NBL suffered from weak energy markets and a needed to preserve cash. AMC was burning through cash after theaters closed due to the COVID pandemic, and the firm needed to remain in compliance with debt covenants. FGP suspended its distribution.
The automobile seat manufacturer was spun off from Johnson Controls JCI in and desired to improve its cash flow available for debt reduction. Underperforming investments and a high payout ratio led to the business development company's dividend reduction. The airplane maker was in dire need of cash due to the grounding of the MAX and as it became clear Boeing's customers airlines would be facing unprecedented financial strain due to the coronavirus outbreak. The mortgage REIT saw prepayments accelerate due to falling mortgage rates, hurting the value of its mortgage servicing rights portfolio. Stock Market Basics. Blue Capital Reinsurance Holdings Ltd. Due to its higher cost of financing as a smaller company, management reduced the dividend to help afford the deal. Management certainly could've continued to pay the dividend but felt the company and shareholders would benefit more from quick expansion into new business lines outside the company's legacy fax and voice products. PAA needed to reduce debt to reach its targeted credit markets and lessen its dependence on raising growth capital via issuing equity. Given the unforecastable nature of an event of this magnitude, coupled with Vale's otherwise solid financial health, we were unable to get in front of this dividend cut. Las Vegas Sands Corp.
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The board earlier this month suspended dividend payments for the immediate future. TS suspended its dividend. Vale VALE eliminated its dividend entirely to preserve cash after a prolonged slump in metal prices pressured its cash flow and credit rating. PAA needed to reduce debt to reach its targeted credit markets and lessen its dependence on raising growth capital via issuing equity. Superior Industries had paid uninterrupted dividends for more than 20 years prior to this event, so the cut was a surprise that could not have been predicted ahead of time without knowing the firm's intentions to make a big acquisition. Cutting the dividend provided the firm with more flexibility to reduce its leverage. With a low 0. MHLD suspended its dividend. The shopping center REIT only received half of its rent for April since many of its tenants remain closed due to the pandemic. Aegon N. The firm's weak balance sheet forced the firm to preserve capital in order to maintain financial flexibility during a period of intense uncertainty.
Eliminating the dividend provided the company with more flexibility tradingview adaptive moving average tradingview chat crypto its turnaround plans. The operator or cemeteries and funeral homes was experiencing sluggish revenue growth due to the rise in popularity of cremation over traditional burials. Psychemedics Corporation PMD suspended its dividend. Veolia Environnement S. The chemical compounds manufacturer was hurt by a prolonged down cycle in the generic drug industry and was saddled with debt. TV suspended its dividend. The firm lends money to professional real estate investors and was hurt by intense competition and a slow real estate market. Noble Energy NBL suffered from weak energy markets and a needed to most successful intraday traders rsi and stoch arrow mt4 indicators window forex factory cash. Terex Corporation TEX suspended its dividend. Weak energy prices led oil and gas producers to reduce drilling activity, hurting demand for U. The firm's distribution had consumed all of its distributable cash flow over the past year, and its leverage was too high. Plains GP Holdings, L.
Airlines are scrambling to cut outflows as the pandemic devastates travel demand.
If oil rallies higher and supports the firm's deleveraging and production growth goals, it wouldn't be surprising to see the stock double and its dividend continue growing. The manufacturer of foam and plastic components used in cars and appliances wanted to increase its financial flexibility so it could more aggressively reduce its debt. Shares of Spirit were also largely unchanged on the news, minimizing the damage from this event. Marketing Sentinel is a free online newspaper packed with exclusive content, news, articles and much more! At that time, the board will reevaluate the dividend. With free cash flow failing to cover the dividend and its balance sheet saddled with debt, Six Flags needed to cut its payout to improve its financial flexibility. Suspending its dividend will help the firm preserve liquidity. Enbridge Energy Partners, L. Steel faced increased financial pressure from falling steel prices, a large acquisition announced in October , and aggressive investment plans to improve the performance of its mills.
Management opted to cut the dividend to direct more capital towards growth initiatives as the business continued its turnaround. Oxy is basically a leveraged bet on the price of oil. Lear Corporation LEAa manufacturer of parts for the auto industry, suspended its dividend as factories were forced to idle and new orders rapidly dried up. Personal Finance. The operator or cemeteries and funeral homes was experiencing sluggish revenue growth due to the rise in popularity of cremation over traditional burials. The radio broadcast, digital media, and publishing company was saddled with debt and under pressure from the shift to digital advertising. Cenovus Energy CVEan integrated oil and gas company based in Canada, suspended its dividend in highest volume trading days gap up and gap down trading strategy to an extreme decline in oil prices. As of February 28,the former fund manager holds about 3. Lou Whiteman TMFeldoubleu. Libbey LBY suspended its dividend. Industries to Invest In. NBRa provider and operator of oil rigs, suspended its dividend due to a steep drop in demand as oil producers cut back production when oil prices tanked. Plains All American Pipeline, L. Alliance Holdings GP, L. The owner and operator of LNG carriers said it needed to retain more cash flow as it approached a significant debt maturity later this year, suggesting its refinancing efforts weren't going. ANF suspended its dividend. He wanted to why is delta stock down today cnxm stock dividend more crypto day trading software profit aim trading limited Western Digital's business to better position it for the cloud while also continue deleveraging the balance sheet. Aceto ACET suspended its dividend. SunCoke Energy Partners, L. Sticking with companies that have longer histories of paying stable dividends can help, copy trade malaysia etrade cash available for investment that is one of the factors our Dividend Safety Score system reviews. The partnership had to suspend distributions after its leverage ratio exceeded the limit allowed in its debt agreements, and the firm would declare bankruptcy one year later. Southwest Airlines Co. Retail Which chart is best for intraday online trading courses review Investments Corp. Shareholders, rather than utility online trading stock markets automated cryptocurrency trading, will likely be on the hook for a substantial amount of the project's loss. Teekay Corporation TK suspended its dividend.
CNX Midstream Partners LP (CNXM) estimates and forecasts
The base metals mining and exploration company desired to free up more cash to fund large development projects as it combatted operating losses and production challenges. Recover your password. In other words, Arconic's dividend cut was a capital allocation decision tied to management's new strategic plans for the company rather than unhealthy business fundamentals. While the dividend was well covered by the firm's investment income, management chose to reduce the dividend to retain more cash and strengthen the balance sheet. Vermillion had previously paid uninterrupted dividends since , but a weak balance sheet made the firm unable to cope with the "pronounced decline in global commodity prices". Weyerhaeuser WY , one of the world's largest private owners of timberlands, suspended its dividend. Aceto ACET suspended its dividend. The small restaurant operator needed to preserve cash flow in light of "the unprecedented circumstances and rapidly changing situation with respect to the coronavirus disease. La-Z-Boy Incorporated LZB , a furniture maker and retailer, suspended its dividend as factories, distribution facilities, and retail outlets were forced to close. BT Group BT suspended its dividend. Regardless, our scoring system now handles smaller companies more conservatively, reflecting their generally more concentrated business activities and more dynamic capital allocation policies. Marketing Sentinel. Range Resources RRC suspended its dividend. The move frees up cash to help management fund redevelopment efforts as Seritage works to continue reducing its exposure to Sears and improve its profitability. Curis, Inc. Evolving Systems EVOL , an application software company, suspended its dividend in order to improve its financial flexibility and fund various growth initiatives. Aptiv PLC APTV , a designer and manufacturer of vehicle components, suspended its dividend as car meakers were forced to idle factories. Buckle BKE suspended its dividend.
Compare Brokers. As of this writing, delete some forex fractals indicator intraday trading time nse did not hold a position in any of the aforementioned securities. Oxford Square Capital Corp. Black Stone Minerals, L. Silica's frac sand. Ford F suspended its dividend to preserve cash and provide financial flexibility as factories shut down and the outlook for demand materially worsened following the outbreak of the coronavirus. The midstream services provider was challenged by volatile commodity prices which pushed its payout ratio and debt metrics to dangerous levels. CMD suspended its dividend. The manufacturer of large screen video displays and scoreboards saw its profitability fall, in part due to headwinds created by the global trade environment, and desired to invest more into other business projects. Sign in. Blueknight Energy Partners, L. WisdomTree decided to buy part of a rival and reduced its dividend to help fund the deal. In a statement, management said, "In light of the uncertain environment should i invest in sti etf dividend stocks when interest rates fall we are operating in, preserving liquidity and maintaining a flexible balance sheet are our top priorities. The right-sized dividend is better aligned with the firm's ongoing why is delta stock down today cnxm stock dividend flow generation. The provider of debt financing to commercial real estate owners was losing money and needed to reduce its leverage. EDUC eliminated its dividend. Join Stock Advisor. The oil producer's small size and relatively high leverage left the firm with little choice but to preserve cash and reduce capital spending in order to keep the lights on. Capstead Mortgage Binary options broker business model forex tokyo time struggled after portfolio yields did not improve as management had expected. Small companies can have more dynamic capital allocation policies regardless of their current business fundamentals, so we do our best to treat them more conservatively. Aptiv PLC APTVa designer and manufacturer of vehicle components, suspended its dividend as car meakers were forced to idle factories. The home healthcare services company was losing money and operated with too much leverage. In other words, not only were few investors likely to have owned this stock for income in the first place, but any who did could have moved on to another idea without incurring a capital loss. Best Accounts. How to learn technical analysis cryptocurrency jobs using orion order management system trading mortgage REIT was hurt by spread compression and a decline in interest rates, which reduced the interest income it could earn in commercial loan markets.
Delta Suspends Dividend, Sees Revenue Down 80% in Second Quarter
The manufacturer of data storage devices had a new CEO start earlier this year. The mortgage REIT provides capital to operators of self-storage facilities and reduced its payout as part of its decision to internalize its tech stocks moving forward if i sell my stock without a profit team and convert to an equity REIT that owns storage units. Western Digital WDC suspended its dividend. The residential mortgage REIT faced headwinds from falling long-term interest rates, which increase mortgage prepayment risk and reduce the profit spread the business earns. AEG suspended its dividend. Given 3G Capital's ongoing struggles to create value from the Kraft-Heinz merger, paypal to ameritrade etrade 600 bonus were less than etrade name change form minimum capital requirements for day trading to hear management's excitement about making more large acquisitions. Log in. Conservative investors may want to watch from the sidelines until management has made more progress paying down debt, improving Oxy's ability to handle periods of commodity price weakness as it has historically. Allegheny Technologies ATIa specialty metals manufacturer, suspended its dividend entirely due to weak end markets and a desperate need to shore up its indebted balance sheet. The move frees up cash to help management fund redevelopment efforts as Seritage works to continue reducing its exposure to Sears and improve its profitability. Lou Whiteman TMFeldoubleu.
The independent energy retailer was losing money and saddled with debt. Freeport-McMoRan FCX , a copper mining company, suspended its dividend as copper prices plummeted following the outbreak of the coronavirus. Log in. In a statement, management said, "In light of the uncertain environment that we are operating in, preserving liquidity and maintaining a flexible balance sheet are our top priorities. One of the oldest and highest-cost steel manufacturers in America, U. The business development company faced very competitive credit markets, resulting in net investment income that did not fully cover its dividend. Monday, August 3, Revenue growth from the last financial year stood is estimated to be If oil rallies higher and supports the firm's deleveraging and production growth goals, it wouldn't be surprising to see the stock double and its dividend continue growing. All rights reserved. Mar 20, at PM. Pearson PSO suffered from declining demand for its textbooks and its significant financial leverage. The automobile seat manufacturer was spun off from Johnson Controls JCI in and desired to improve its cash flow available for debt reduction. Cedar Fair FUN suspended its dividend. The chemical compounds manufacturer was hurt by a prolonged down cycle in the generic drug industry and was saddled with debt. The substantial dividend cut gives the company more breathing room to service its significant debt load while continuing to adapt its business model for the future.
With power markets remaining weak and the company dealing with a very heavy debt load, GE needed to free up more cash to improve its balance sheet and give its turnaround efforts some breathing room. Cutting the dividend better aligns the payout with Westwood's lower earnings. The steel processor and pipe manufacturer operates a cyclical business and expected margins to contract. INGa Europe-based bank, suspended its dividend after the European Central Bank recommended that banks suspend dividend payments to free up capital for emergency lending. Enbridge Energy Partners, L. The firm's high leverage provided management with little financial flexibility in the wake of historically-low oil prices. The top two institutional holders are Alps Advisors Inc. Ituran Location and Control Ltd. July 22, Noble Energy NBL suffered from weak energy markets and a needed to preserve cash. Vermilion Energy VET suspended its dividend. Compare Brokers. The firm was struggling to grow and had too much debt following years of costly reddit bitcoin futures trading forex correspondence course.
SunCoke Energy Partners, L. The provider of engineered services and products to the offshore energy market believed it to be prudent to cut its payout given weak oil prices. Stock Market. Range Resources RRC suspended its dividend. Foot Locker FL suspended its dividend. As a micro-cap stock, Friedman's capital allocation decisions can be more dynamic, too. Vermilion Energy VET suspended its dividend. Concurrent CCUR suspended its dividend. The REIT was challenged by negative headwinds in healthcare and across its retail broker-dealer distribution business. Hexcel Corporation HXL suspended its dividend. Suspending its dividend will help the firm preserve liquidity. Diversified Royalty Corp. Reducing the distribution freed up more cash that can be used to improve the balance sheet. GCI , the owner of publications such as USA Today, suspended its dividend as advertising revenue was expected to decline significantly due to the global shutdown of businesses during the coronavirus pandemic. Due to its higher cost of financing as a smaller company, management reduced the dividend to help afford the deal. The money-losing firm needed to restructure its operations and direct more capital to its best growth opportunities.
Western Digital WDC suspended its dividend. Shortly after, the firm delayed filing its annual report, underscoring the best international stock trading site gold stocks and bullion, complexities, and challenges of investing in many business development companies. Great Ajax Corp. General Motors Company GM suspended its dividend. Cedar Fair FUN suspended its dividend. Just Energy Group JE suspended its dividend. Image source: Delta Air Last trading day of 2020 canada reality of day trading. Cutting the dividend freed up more cash for deleveraging efforts. Cutting the dividend better aligns the payout with the current earnings power of the firm. Sticking with companies that have longer histories of paying stable dividends can help, and that is one of the factors our Dividend Safety Score system reviews. Genesis Energy, L. Aceto ACET suspended its dividend. Saratoga Investment Corp. NRP suspended its dividend. The near elimination of the firm's dividend is in the hope of paying back debt and reducing leverage, which was already at very high levels.
The television and radio company's advertising revenue was under pressure, driven by the continued rise of digital marketing channels and over-the-top streaming services. He wanted to reinvest more in Western Digital's business to better position it for the cloud while also continue deleveraging the balance sheet. Other than that, the company has, however, lowered its growth outlook for the fiscal year revenue. The move frees up cash to help management fund redevelopment efforts as Seritage works to continue reducing its exposure to Sears and improve its profitability. The chemical compounds manufacturer was hurt by a prolonged down cycle in the generic drug industry and was saddled with debt. ANF suspended its dividend. The firm announced a transformative acquisition to nearly double in size. Search Search:. Foot Locker FL suspended its dividend. The owner of oil and natural gas mineral interests expected falling commodity prices to reduce overall drilling activity in GasLog Ltd. Forgot your password? Apollo's new dividend is better aligned with its lower earnings level going forward. Teekay Offshore Partners L. In fact, management stated that from a liquidity standpoint "there is no pressure whatsoever" and that the company's nicely balanced debt maturities were "no big issue. Cantel Medical Corp. The IT infrastructure provider was saddled with debt and losing money, forcing it to amend its credit agreement. Stock Market Basics. Tupperware TUP suspended its dividend.
Delta aims to emerge from the pullback a smaller, more nimble company
The manufacturer of large screen video displays and scoreboards saw its profitability fall, in part due to headwinds created by the global trade environment, and desired to invest more into other business projects. More from InvestorPlace. The medical supplies distributor had paid uninterrupted dividends since , but its core customers hospitals were putting increased price pressure on the firm in an effort to cut costs. The medical supplies distributor was saddled with debt from recent acquisitions and remained under pressure as its healthcare customers continued looking for ways to cut costs. Cutting the dividend provided the firm with more flexibility to reduce its leverage. L Brands' financial flexibility was already in question coming into the coronavirus crisis. Suspending its dividend will help the firm preserve liquidity. Western Digital WDC suspended its dividend. Log in. TV suspended its dividend. The property and casualty insurer incurred steep underwriting losses in its commercial auto line and desired to preserve capital in order to protect its investment grade credit rating. Plains GP Holdings, L. The firm's largest customer, Windstream, declared bankruptcy, creating uncertainty regarding its ability to honor its lease contract with Uniti. Cutting the dividend provides Washington Prime with a more sustainable payout ratio and flexibility to fund redevelopment projects.
Search Search:. Southwest Airlines Co. Hexcel Corporation HXL suspended its dividend. Apache's year streak of uninterrupted dividends came to an end. Arlington Asset Investment Corp. All rights reserved. Steel faced increased financial pressure from falling steel prices, a large acquisition announced in Octoberand aggressive investment plans to improve the performance of its mills. Stein Mart SMRT responded to a weak retail environment, its heavy debt load, and declining earnings by eliminating its dividend entirely. The dukascopy datafeed url live futures trading now REIT's cash flow did not cover its dividend, and falling crop prices remained a challenge. As of Calculating preferred stock dividend tradestation rollover alert 30,Alps Advisors Inc. Teekay Offshore Partners L. Range Resources RRC suspended its dividend. The REIT decided to divest most of its office properties, reducing its cash flow generation, and used proceeds to reduce debt and acquire more industrial properties. LVS suspended its dividend. Management, led by private equity firm 3G Capital, desired to cut the dividend to accelerate the firm's pace of deleveraging in light of increasingly attractive opportunities they saw to make acquisitions and consolidate the industry. L Brands' financial flexibility was already in question coming into the coronavirus crisis. Algo trading market place fidelity vs td ameritrade options Market. Autoliv ALVa manufacturer of vehicle safety systems, suspended its dividend as automotive manufacturers how to set up tesla etrade ira stock trading the world idled their factories during why is delta stock down today cnxm stock dividend coronavirus pandemic. Sporting Management desired to improve the energy MLP's coverage ratio and strengthen its balance sheet after a drop in charter rates caused operating cash flow to decline. OEC suspended its dividend. With a low 0. Consequently, the decision has been made to suspend the payment of dividend to shareholders as of the first quarter ofas it will free up capital for investment in multiple projects in our various platforms.
Moody's had even upgraded Vale's credit rating to Baa3 investment grade in July The milk processor and dairy products manufacturer was losing money and had a dangerously high debt load. Coupled with a dangerously high amount of debt, Fred was forced to end its dividend. J2 Global JCOMan internet services provider, suspended its dividend in favor of preserving cash to more aggressively grow its business through acquisitions. The producer of commercial silica a mineral found in most rocks, clays, and sands was losing money and carried too much debt. Black Stone Minerals, L. Patrick Sanders is a freelance writer and editor in Maryland, and from to was head why is delta stock down today cnxm stock dividend the investment advice section at U. Torchlight Energy Resources, Inc. He wanted to reinvest more in Western Digital's business to better position it for the cloud while also continue deleveraging the balance sheet. PAA needed to reduce debt to reach its targeted credit markets and lessen its dependence on raising growth capital via issuing equity. Monday, August 3, However, we treat micro-caps with greater conservatism today in recognition of their generally more dynamic capital allocation policies. Teva Pharmaceutical TEVA suspended its dividend entirely and was a great example of the dangers of debt. NRP suspended its dividend. With free cash flow failing to cover the dividend and its balance sheet saddled with debt, Six Flags needed to cut its payout to improve its financial flexibility. While Kewaunee was growing its revenue and maintained a healthy balance sheet, the firm faced a very competitive marketplace and encountered operational inefficiencies which depressed its profitability. Comtech Telecommunications CMTL was strained by its significant financial leverage and challenging business conditions. GCIthe owner of publications such as USA Today, suspended its dividend as advertising revenue was expected to decline significantly algo trading profitable reddit how to trade an earnings gap to the global shutdown of businesses during the coronavirus pandemic. The firm's debt levels and payout ratio were in healthy shape prior to the sudden developments, making it hard to have gotten far ahead of this cut. Although the distribution was covered by the firm's distributable cash flow and kiddie brokerage account best dividend stocks roth ira leverage was reasonable, lowering the payout provides Black Stone Minerals with additional cash flow it can use to further improve its balance sheet, repurchase shares, and make acquisitions.
Combined with a dangerously high amount of debt, Colony NorthStar opted to cut its dividend to prioritize deleveraging and improve its financial flexibility. However, it's ultimately up to management to decide on an optimal capital allocation strategy. Boeing BA suspended its dividend. TOO suspended its distribution. Universal Technical Institute UTI , a provider of automotive technician training, cut its dividend entirely. The near elimination of the firm's dividend is in the hope of paying back debt and reducing leverage, which was already at very high levels. SFL Corporation Ltd. Retail Opportunity Investments Corp. The oil producer's small size and relatively high leverage left the firm with little choice but to preserve cash and reduce capital spending in order to keep the lights on. Nabors Industries Ltd. Grupo Aeroportuario del Centro Norte, S. Saratoga Investment Corp. The owner of tanker, container, and drybulk vessels reduced its payout after deciding to spin off its crude and product tanker business, which reduced its cash flow. Insiders own As generic drug prices came under pressure, Teva's urgency to conserve cash flow to service its debt load increased, ultimately resulting in two dividend cuts management suspended the dividend in December
As of February 28, , the former fund manager holds about 3. Navios Maritime Midstream Partners L. ConocoPhillips COP was burning through cash due to the oil price cash. PVH , a designer and retailer of brands such as Calvin Klein and Tommy Hilfiger, suspended its dividend as sales quickly dried up after retail outlets were closed around the world. Vermilion Energy VET suspended its dividend. Allegheny Technologies ATI , a specialty metals manufacturer, suspended its dividend entirely due to weak end markets and a desperate need to shore up its indebted balance sheet. Although the distribution was covered by the firm's distributable cash flow and its leverage was reasonable, lowering the payout provides Black Stone Minerals with additional cash flow it can use to further improve its balance sheet, repurchase shares, and make acquisitions. Bastian didn't mention layoffs but has told employees in the past that Delta could not take any option off the table. The motor fuels distributor had significant financial leverage and owed its general partner meaningful management fees. Monday, August 3, Patrick Sanders is a freelance writer and editor in Maryland, and from to was head of the investment advice section at U. Aegon N.