5 Dividend Aristocrats That Slashed Their Dividends

3. Eli Lilly and Company (NYSE:LLY)

Date Removed from S&P Dividend Aristocrats: 2010

Eli Lilly and Company (NYSE:LLY) is an Indiana-based multinational pharmaceutical company and is one of the dividend aristocrats that slashed its dividends. Up until 2010, the company consistently increased its dividends for 43 consecutive years. Remarkably, the company has an even more extensive history, spanning 138 years, of regularly paying dividends to its shareholders. It currently pays a quarterly dividend of $1.30 per share and has a dividend yield of 0.81%, as of January 15.

Eli Lilly and Company (NYSE:LLY) was a part of 102 hedge fund portfolios at the end of Q3 2023, according to Insider Monkey’s database. The collective value of stakes owned by these hedge funds is over $9 billion. In comparison, 87 hedge funds owned stakes in the company in the previous quarter.

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