Looking back on March 2020, there was a flood of companies that suspended dividends due to the Covid-19 pandemic. As many corporations took substantial losses, they had no choice but to stop shareholder distributions until further notice.
What Happened: According to the Wall Street Journal, roughly 190 U.S. listed companies suspended dividends in 2020, following that move 39 reinstated dividends that same year, 53 reinstated them in 2021, and 23 additional companies plan to bring dividends back in 2022.
