Endangered Dividends

No Cuts, But Plenty of Risks

By Roger S. Conrad on Jun. 10, 2017

Avoid these stocks with endangered dividends.

Dividend Cuts Are All the Rage This Spring

By Roger S. Conrad on May. 14, 2017

Several names on our Endangered Dividends List slashed their payouts over the past month.

Power Cut

By Roger S. Conrad on Apr. 14, 2017

We assess E.On's third dividend cut since 2011 and explore other areas of potential risk.

Warning: Falling Dividends

By Roger S. Conrad on Mar. 11, 2017

Three companies escape from the Endangered Dividends List, while a troubled international telecom announces what could be the first of several dividend cuts.

Another Midstream Meltdown

By Roger S. Conrad on Feb. 12, 2017

Excessive leverage, diminished growth prospects and shrinking cash flow suggest that a distribution cut is inevitable for this midstream master limited partnership.

Rising interest rates will exert additional strain on all the names in our Endangered Dividends List. And the higher rates go, the greater the risk that these stragglers will seek to conserve cash by reducing their payouts.

More Midstream Cuts

By Roger S. Conrad on Dec. 11, 2016

Sunoco Logistics Partners LP's proposed acquisition of Energy Transfer Partners LP will result in a stealth distribution cut of 27 percent for the latter's unitholders. Meanwhile, Ferrellgas Partners LP slashed its payout by 81 percent. Readers who follow our Endangered Dividends List would have avoided this pain.

Dividend Safety: Interest Rates Matter

By Roger S. Conrad on Nov. 16, 2016

Thanks to 15 years of cutting operating risk and debt, not even a much higher spike in borrowing costs would threaten dividends of best-in-class utilities. With ample cash flow and minimum near-term borrowing needs, they can hold off until pension funds and other institutional buyers must return to the table. Unfortunately for the weaker credits covered in our Utility Report Card, rising interest rates could ratchet up the pressure on their balance sheets and force them to redeploy cash that they currently pay out as dividends.

Boom! Goes the Dividend

By Roger S. Conrad on Oct. 11, 2016

We weren't surprised when Ferrellgas Partners LP (NYSE: FGP) announced that the master limited partnership may need to cut its distribution by 50 percent.

A New Threat

By Roger S. Conrad on Sep. 12, 2016

Soft commodity prices, declining oil and gas production in some regions, counterparty risk and elevated costs of capital have threatened midstream master limited partnerships’ distributions over the past two years.

MODEL PORTFOLIOS & RATINGS

Aggressive Income Portfolio

Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
Conservative Income Portfolio

Harness the tried and true wealth-building power of rising dividends.
Top 10 DRIPs

Nothing compounds wealth like reinvesting a rising stream of dividends.
Endangered Dividends List

Warning: Falling Dividends.
Utility Report Card

Roger's current take and vital statistics on more than 200 essential-services stocks.

ABOUT ROGER CONRAD

Roger S. Conrad

Founder and Chief Editor:
Conrad's Utility Investor
Capitalist Times and
Energy & Income Advisor

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