5 U.S. REITs Suspend Dividends Amid 2024 Cuts
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Five US REITs have suspended dividends in 2024, including SITE Centers Corp., while six others have reduced payouts. This contrasts with over a third of the industry raising dividends.
November 06, 2024 | 7:45 am
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SITE Centers Corp. has suspended its dividend payments in 2024, reflecting financial challenges or strategic shifts.
The suspension of dividends by SITE Centers Corp. suggests financial difficulties or a strategic decision to conserve cash, which is typically viewed negatively by investors, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90