Compared to what we observed during the first quarter of 2014, and really, since November 2014, the number of public U.S. companies acting to cut their dividends is considerably improved, indicating improved economic conditions in the United States.
That number is however still elevated, and is consistent with mildly recessionary conditions being present in the U.S. economy.
In May 2014, the number of U.S. companies acting to cut their dividend payments was 12, down slightly from the 13 companies that announced this action in April 2014. Both figures are down considerably from the 28-32 range that coincided with the economic contraction that occurred in the first quarter of 2014.
Going by the available data, ten or fewer companies acting to cut their dividends in a single month would be consistent with healthy economic conditions prevailing in the U.S. economy.
Data Source
Standard & Poor. Monthly Dividend Action Report. [Excel Spreadsheet]. Accessed 3 June 2014.