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Endangered Dividends

Buying into Dividend Cut Risk

By Roger S. Conrad on Dec. 8, 2020

Avoiding companies at elevated risk to dividend cuts is a time-honored tenet of income investing. That’s because reductions typically add insult to injury by triggering selloffs in offending stocks.

Two More Midstream Cuts

By Roger S. Conrad on Nov. 9, 2020

Energy Transfer LP (NYSE: ET) and Infraestructura Energetica (Mexico: IENOVA, OTC: IENVF) are the 25th and 26th dividend cutters from our Utility Report Card coverage universe in calendar 2020.

The silver lining is management’s decisions were clearly made for preference, rather than of necessity. That’s encouraging for both companies as well as others we track, with the result our Endangered Dividends List is the shortest it’s been all year.

No Cuts, But Some New Names

By Roger S. Conrad on Oct. 12, 2020

Essential services companies by their nature provide something that’s always needed. So it takes a major catastrophe this year’s pandemic and economic fallout to really shake up our Utility Report Card coverage universe.

Origin Cuts, Superior and PPL Change Places

By Roger S. Conrad on Sep. 8, 2020

The price of oil has been steady for a while around $40 a barrel and natural gas is over $2.50 per thousand cubic foot. But some energy companies are still downsizing dividends. Origin Energy (ASX: ORG, OTC: OGFGY) is cutting its semi-annual dividend for October to 10 cents Australian. That’s haircut of roughly one-third for the Australian power producer, electricity retailer and LNG investor.

Three More Energy Cuts

By Roger S. Conrad on Aug. 10, 2020

Oil prices have stabilized around $40 a barrel the past two months. And a hotter than anticipated summer has pushed North American benchmark natural gas to more than $2 per million British Thermal Units.

Three Chances to Buy Into Dividend Cuts

By Roger S. Conrad on Jul. 10, 2020

Three Utility Report Card coverage universe companies cut dividends since the June issue of CUI posted. What makes them unique is all of them rate buys, as holding in cash now is sowing the seeds for rich returns over the next 12 to 18 months.

Three Cuts, One More Likely This Month

By Roger S. Conrad on Jun. 9, 2020

May set records for S&P 500 dividend cuts, with 18 companies suspending and 5 others reducing. They were joined by 3 non-US essential services providers from our Utility Report Card coverage universe.

AusNet Services (ASX: AST, OTC: SAUNF) raised its semi-annual dividend for payment in June by 4.9 percent. But the Australian electricity distribution utility also issued guidance for a payout cut of -7 to -12 percent for the next 12 months.

Five Dividend Cuts and More Warnings

By Roger S. Conrad on May. 11, 2020

Five Endangered Dividends List companies cut dividends last month. For Covanta Holding (NYSE: CVA), NuStar Energy (NYSE: NS) and Royal Dutch Shell (NYSE: RDS/A), the decision was all about COVID-19 fallout.

COVID-19 Accelerates Dividend Cuts

By Roger S. Conrad on Apr. 13, 2020

What a difference a month makes. In March, I noted most of the nearly 200 companies we track posted solid 2019 results, holding out the possibility economic fallout from COVID-19 would create casualties.

Dividend Risk: Three Expected Cuts

By Roger S. Conrad on Mar. 10, 2020

Calendar Q4 earnings results are almost all in for the nearly 200 essential services companies in our Utility Report Card coverage universe.

Takeaway one: Except for the handful of weaklings headed for bankruptcy like Frontier Communications (NYSE: FTR), most are thriving and dividends are safe.



Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b