Like other mortgage REITs, the company cut its dividend in recent years due to higher interest rate volatility and weaker sector profitability. (fool.com)
I know that many companies cut their dividends in 2008 and 2009, but many didn't too. (christiancommoncents.com)
The item to add however was that in 2000 the company did cut its dividends by more than 50 %. (ammdividendletter.com)