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Endangered Dividends

Dividend Cuts: Reasons are Important

By Roger S. Conrad on Oct. 10, 2022

This year is shaping up as a banner one for dividend increases in the Utility Report Card coverage universe. So far, 103 of the 179 companies tracked have raised their payouts at least once. And I count roughly three-dozen more that will almost certainly deliver a boost between now and December 31.

Foreign Stock Dividends: Facing a US Dollar Headwind

By Roger S. Conrad on Sep. 8, 2022

Since the start of 2022, the US Dollar Index is up about 15 percent to its highest level since 2001. That’s the result of determined inflation-fighting by the US Federal Reserve in the context of a still relatively strong US economy.

No Cuts But Danger Lurks

By Roger S. Conrad on Aug. 8, 2022

There are growing signs of a deeper recession ahead. And the US Federal Reserve is unrelenting pushing borrowing costs higher to bring down inflation to its long-term target of 2 percent.

Growing Recession Odds Mean Rising Dividend Risk

By Roger S. Conrad on Jul. 11, 2022

Recession may not be inevitable for the US economy this year. But with the US Federal Reserve doing its best Paul Volcker impression, it’s well past time for investors to prepare against the worst.

Shrinking the List in a Strong Sector

By Roger S. Conrad on Jun. 10, 2022

Uncertainty is the order of the day for the economy and investment markets. But ironically, with Q1 results and guidance updates all in, 12 to 18 month dividend risk continues to drop for the essential services companies tracked in the Utility Report Card.

No Cuts, But No Exits and One New Entry

By Roger S. Conrad on May. 9, 2022

If all management teams live within their means, there would be no need for an Endangered Dividends List. But reality is businesses take risks in good times that come back to burn them in bad ones. And the five companies on the EDL reporting Q1 results so far still have some very real vulnerability.

One Cut, Two Exits and One New Entry

By Roger S. Conrad on Apr. 11, 2022

Chinese power producer Huaneng Power International (HK: 902, NYSE: HNP) did not declare a dividend for fiscal year 2021. That means investors will likely have to wait until calendar 2023 for a cash payout.

Three Dividend Cuts, Another in Danger but No Sells

By Roger S. Conrad on Mar. 14, 2022

Korea Electric Power (Korea: 015760, NYSE: KEP) still hasn’t declared an annual dividend for payment next month. But the company is effectively priced for a zero payout, after announcing a record operating loss for 2021 and guidance for an even larger one this year.

Two Cuts and Two New Additions

By Roger S. Conrad on Feb. 14, 2022
Wind power components maker Vestas Wind (Denmark: VWS, OTC: VWSYF) has reduced its annual dividend by -78.1 percent. That follows a challenging 2021, with rising raw materials and shipping costs deflating profit margin to 3 percent of revenue. And the decision to cut reflects management’s belief tough conditions are likely to last “throughout” 2022.

Where Weakness Lies

By Roger S. Conrad on Jan. 14, 2022
TransAlta Renewables Inc (TSX: RNW, OTC: TRSWF) has determined that it will have to replace all 50 turbine foundations at the Kent Hills 1 and 2 wind power sites—due to “deficiencies in the original design.”



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