Maybe you’ve had to face one dividend cut in the crisis—maybe more than one. Maybe you’re like many folks, scanning the headlines daily to try to get a jump on the next cut before it slices your income steam.
I get it. It’s part of the anxiety we’re all feeling. And there is good reason to be wary: this pandemic has forced the biggest dividend “sacred cows” to slash payouts—names like Wells Fargo (WFC), Ford (F), Ventas (VTR) and Disney (DIS).
If you’d said any of these companies would cut their dividends back in January, you’d have been laughed out of the room!… Read more