Sponsored By:

5 Dividend Disappointments So Far in 2013

Exelon, Cliffs and others made significant cuts to their payouts

      View All  

Cliffs Natural Resources

cliffs 5 Dividend Disappointments So Far in 2013Dividend Change: -76%

It has been just a dismal half-year for Cliffs Natural Resources (CLF).

Not that Cliffs shares were having a rousing year to begin with, but they really fell off a … er, ledge … following the Feb. 13 announcement that it was slashing its payout and executing a secondary stock offering amid serious financial struggles that included a $1.6 billion loss in its fiscal fourth quarter. CLF stock has fallen 55% since then, and at -60% total for the past six months, it stands as the S&P 500′s loss leader for the first half.

Unless iron ore or coal prices go up dramatically in the next six months, don’t expect too much of a rebound for CLF, nor a significant uptick in its dividend.


Article printed from InvestorPlace Media, http://investorplace.com/2013/06/5-companies-cutting-dividends-in-2013-nok-ctl-f-wfc-jpm-pbi/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.