5 Big Companies that Stopped Paying Dividends

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In this article, we discuss 5 big companies that stopped paying dividends. If you want to read our detailed discussion on dividend stocks and their performance in the past, go directly to read 15 Big Companies that Stopped Paying Dividends

5. Carnival Corporation & plc (NYSE:CCL)

Market Cap as of August 14: $21.9 billion 

Carnival Corporation & plc (NYSE:CCL) is a multinational cruise company that operates a fleet of cruise ships and offers various vacation and travel experiences to passengers. The company announced the suspension of its dividends in June 2020 due to the economic crisis and the decline in its earnings and profits.

As of the close of Q1 2023, 25 hedge funds in Insider Monkey’s database owned stakes in Carnival Corporation & plc (NYSE:CCL), up from 20 in the previous quarter. These stakes hold a consolidated value of over $373.5 million. With over 11 million shares, Two Sigma Advisors was one of the company’s leading stakeholders in Q1.

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