Last year, 20 Utility Report Card
coverage universe members cut dividends at least one time. That’s a fraction of the 126 that raised payouts, including all the Conservative Holdings
and Top 10 DRIPs
. But it’s more than we’ve seen since the 2008-09 Bear Market.
Now for some good news: Even if the global economy does slow this year, most essential services companies have adjusted enough to maintain their current payouts the next 12 months.
That should even include most current members of the Endangered Dividends List, despite the weaknesses that landed them there. See this issue’s URC comments for complete analysis of how the coverage universe measures up on our five quality criteria: Payout sustainability, revenue reliability, regulator relations, refinancing risk and operating efficiency.