S&P 500 dividend cuts and suspensions continued to pile up in May as a result of the coronavirus pandemic.
But unlike what happened in previous downturns, suspensions have significantly outnumbered cuts throughout the crisis.
Asset Management
May was a severe month for dividends
In May, 18 S&P 500 companies said they were suspending their payouts and five others announced cuts, according to S&P Dow Jones Indices
