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Endangered Dividends

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.

Dividend Risk: Concentrated in Telecom

By Roger S. Conrad on Feb. 10, 2020

Energy pipelines are the highest yielding sector in our Utility Report Card coverage universe. Ironically, after a five-year bear market, dividend risk is actually quite low for the handful of companies and master limited partnerships we track.

Where Last Year’s Dividend Cutters Stand Now

By Roger S. Conrad on Jan. 12, 2020

16 Utility Report Card companies reduced their dividends in calendar year 2019. That compares to 128 raising payouts, 23 that held them level and 27 that currently pay no dividend.

No Cuts this Time, but Two Companies Join the List

By Roger S. Conrad on Dec. 9, 2019

It’s survival of the fittest in the communications sector. And as rising competition, surging capital spending and tough regulation shrink free cash flow, the wave of dividend cuts is hitting all but the largest and strongest players.



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