TIS reduces dividend 100% --- New yield is 0%

Today TIS announced that it is suspending its dividend.

Since I currently own 237.8 shares my dividends will (well you know the math 100% reduction of any number is 0) drop by $332.90.

Ouch! That is going to leave a mark...It's probably a good time from a spec point of view to buy.

Forward dividends are around $8730.00, but not for long!!

2017 Dividend Raises/Cuts

OHI:  1.64% --- $3.20
KMB:  5.43% --- $8.03
GILD:  10.64% --- $10.49
CSCO:  11.54% --- $13.92
TROW:  5.56% --- $9.09
KO:  5.71% --- $20.96
QCOM:  7.5% --- $7.20
PG:  3.00% --- $2.43

OHI:  1.61% --- $6.46  (2nd Raise)

SO:  3.57% --- $7.41

UL:  12% --- $15.36

XOM:  2.67% --- $11.70

JNJ:  5.0% --- $8.67

TIS:  100% --- $332.9

Total yearly dividend decrease is $207.98

DEFY MEDIOCRITY

Ouch!! ESV cuts dividend 80% --- New yield is 2.33%

Surprise, surprise. ESV announced they are reducing their quarterly dividend $.60 from $.75 to $.15 which is an 80% reduction. The new yield will now be 2.33%

Since I own 263.62 shares, my yearly dividends will decrease by $632.69.

Holy shit that is going to leave a mark! I just did a preliminary check on my forward dividends and they will drop from around $15,500 to $14,800 and some change.

Anyway here is a cut and paste statement from the company.

"To improve capital management flexibility in light of the market downturn, Ensco’s Board of Directors declared a $0.15 cash dividend per Class A ordinary share payable on 20 March 2015, a $0.60 reduction from the prior level. The ex-dividend date is expected to be 5 March 2015 with a record date of 9 March 2015."

In other news, WM is increasing its quarterly dividend by $.01 from $.375 to $.385 which is a 2.66% increase and will increase the yield to 2.82%. The record date is March 9th and the pay date is March 20th. I currently own 25.4 shares so my yearly dividend will increase by $1.02.

Obviously I have a lot of work to do in order to get my yearly dividends back on track. I don't plan on selling any ESV right now, as this probably is the bottom. A lot of times these type of events allow companies to regroup, clean up their house and begin marching forward again. We'll see. I don't need any tax losses right now, but if I do in the future I will use the opportunity to sell off part of my position.