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Dividend Cut And Suspension List - What To Do

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.
Company Name
Ticker
Cut/Suspension
Hold / Sell
Vermilion Energy
VET
83% cut
SELL
Occidental Petroleum
OXY
79% cut
SELL
Park Hotels & Resorts
PK
Suspension
HOLD
Crescent Point Energy
CPG
75% cut
SELL
Marriott International
MAR
Suspension
HOLD
Ford
F
Suspension
SELL
Boeing
BA
Suspension
HOLD
Delta Air Lines
DAL
Suspension
HOLD
Darden Restaurants
DRI
Suspension
HOLD
TJX Companies
TJX
Suspension
HOLD
Helmerich & Payne
HP
65% cut
SELL
LEAR
LEA
Suspension
HOLD
Anheuser-Busch InBev
BUD
50% cut
SELL

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
VERMILION ENERGY 15.98   9.3 1.72 2.09 13.10
OCCIDENTAL PETROLEUM 45.40   9.0 5.05 3.16 6.81
HELMERICH & PAYNE 40.76   0.0 -0.68 2.84 6.74
FORD MOTOR 9.41   17.1 0.55 0.60 6.37
DARDEN RESTAURANTS 126.06   22.1 5.70 3.52 2.77
DELTA AIR LINES 59.44   8.9 6.70 1.61 2.75
LEAR 126.05   9.1 13.84 3.00 2.32
BOEING 375.63   44.0 8.54 8.22 2.22
ANHEUSER-BUSCH INBEV 97.47   25.9 3.76 1.67 1.77
TJX 56.75   22.9 2.48 0.92 1.62
MARRIOTT INTERNATIONAL 132.51   32.5 4.08 1.92 1.46
CRESCENT POINT ENERGY 4.22   0.0 -2.98 0.03 0.74

VERMILION ENERGY - VET
VERMILION ENERGY - VET  


Older articles featuring Vermilion Energy (VET):
Canadian Dividend Cuts And Suspensions List - What To Do
Ovintiv: Anticipating A Dividend Cut
93 Monthly Pay Dividend Dogs And 80 Top Yield Funds For March
The Retiree's Dividend Portfolio - Jane's January Update: 4 Reasons Why You Find It Difficult Saving Money
This 6% Yield Is Not Fat, It Is Just A Little Husky
73 Dividend Boosts Declared January 20 And 27, 2020
89 Monthly Pay Dividend Dogs And 80 Top Yield Funds For February
The Retiree's Dividend Portfolio - Jane's December Update: The Year-End Review
How To Boost Your Yields Using The 'Income Method'
BGR: 8% Defensive Yield From A Sector We Are Extremely Bullish On

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