@juliusagusta @jonesjm1979 @ToddHagopian A quick analysis: $XOM paid $0.87 dividend a share going back to last 4 quarters: Feb, Nov, Aug, and May. The average stock price on those 4 paydays is $69.25. Today $XOM closed @$41. $Xom would pay $0.52 to keep the same yield using the same ratio, cutting $0.35.