Dividend Cuts, November 2026

2 listed dividend payers reduced a regular dividend in November 2026, against 91 increases (45.5 increases per cut).

The median cut was 48.0%; the largest was UAN at 70.6%.

2 of the 2 scored cutters (100%) carried a dividend safety grade of C or lower before the cut.

1 cut came from companies above $10B in market value: VNOM.

Dividend increases far outnumbered reductions in November 2026, with 91 increases against 2 cuts, or 45.5 increases per cut. The reductions were split between Basic Materials and Energy, with 1 cut in each sector. The limited number of cutters contrasts with the severity of the larger reduction, while every cutter carried a grade of C or lower beforehand.

UAN accounted for the largest move. The Basic Materials security lowered its regular dividend from $6.0800 to $1.7900, a 70.6% cut. UAN carried a D grade before the reduction and had a $1.2B market cap. With no other Basic Materials cutter, the sector median matched UAN’s reduction.

VNOM made the smaller cut but was the only cutter above $10B in market value. The Energy security reduced its regular dividend from $0.6700 to $0.5000, a 25.4% decline. VNOM carried a C grade beforehand and had a $21.2B market cap. Its reduction also set the Energy sector median because no other Energy name cut its dividend.