Published Sun, 19 Apr 2020 08:31:06 -0400 on Seeking Alpha
Several companies cut or suspended their dividend in early 2020 amid the Covid-19 impact on the economy.
Should you keep your shares or not?
This is the answer we will give you according to our dividend growth investing model.
Several companies cut or suspended their dividend in early 2020 amid the Covid-19 impact on the economy. Should you keep your shares or not? This is the answer we will give you according to our dividend growth investing model. Some deserve to be kept even after a cut, but be prepared to be ruthless against most dividend cutters.
Dividend Cut & Suspension List In this new section, we will track to the best of our knowledge all the dividend cuts and suspensions announced by companies we follow during the Covid-19 crisis. This is not a complete list as we wanted to provide additional comments on most companies listed below. We will also tell you if we consider the company a "hold" or a "sell" depending on the reason why it cut/suspended its dividend.
Hold / Sell
Park Hotels & Resorts
Crescent Point Energy
Delta Air Lines
Helmerich & Payne
Additional thoughts for each dividend cutters
Vermilion Energy VET posted a disastrous quarter and blamed the virus for the dividend cut! The company says it cut the dividend in response to "weakness in commodity prices and reduced global economic prospects... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|HELMERICH & PAYNE||40.76||0.0||-0.68||2.84||6.74|
|DELTA AIR LINES||59.44||8.9||6.70||1.61||2.75|
|CRESCENT POINT ENERGY||4.22||0.0||-2.98||0.03||0.74|
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