41.   Those forecasts proved to be wildly optimistic after interest rates fell sharply and insurers cut the dividends paid on cash-value policies.

42.   To cope, it cut its dividend.

43.   Today, many utilities are reporting lower-than-expected earnings and some have gone as far as cutting the dividends they pay, analysts said.

44.   While Pacific Gas said the accelerated depreciation could save it billions of dollars, analysts lowered their earnings estimates and warned that the dividend might be cut.

45.   A spokesman for the Japanese bank denied reports that the bank is considering cutting its dividend for the first fiscal half or for the whole year.

46.   The telecom company also announced Wednesday that it was cutting its dividend and warned that fourth-quarter earnings would fall short of expectations.

47.   The telecom company also announced Wednesday it was cutting its dividend and warned that fourth-quarter earnings would fall short of expectations.

48.   Two trust banks, Yasuda Trust and Banking and Toyo Trust and Banking plan to cut dividends.

49.   The British conglomerate Trafalgar House, which is considering buying Northern Electric, returned to profits this year, but cut its dividend in a statement on Thursday.