It hasn’t been an easy go for investors. Since the war on the price of oil and the rapid spread of COVID-19, stocks have crashed. In fact, we have seen the fastest decline in market history.
In times such as these, income stocks tend to outperform. Despite the market crash and the significant downtrend, income investors are still receiving their cash distributions – until they don’t. Not all income stocks are created equal.
Ever hear the term, don’t chase yield? Stocks with a high yield are more susceptible to a dividend cut as there comes a point where it simply isn’t good business practice. We’ve seen what can happen as several “high yielders” have cut the dividend in recent weeks.
Our new reality has accelerated the pace of dividend cuts and we expect more to come.
To help investors keep track, we decided to create this page. The page will be updated live and will let investors know which companies have cut the dividend or distribution.
If we missed anything, please let us know and we’ll be sure to add it to the list.
For those looking for more in depth coverage, check out StockTrades Premium. We rank income stocks by taking into account the safety, yield and growth of the dividend.
|Ticker||Name||Aristocrat/ All Star||Growth Streak||Old Div||New Div||% cut||Date||Comments|
|VET||Vermillion Energy||No||N/A||$0.23||$0.115||50.00%||06/03/2020||First Cut|
|HNL||Horizons North Logistics||No||N/A||$0.02||$0.00||100.00%||11/03/2020||Dividend Suspended|
|TOT||Total Energy||No||N/A||$0.06||$0.00||100.00%||12/03/2020||Dividend Suspended|
|CEU||CES Energy Services||No||N/A||$0.060||$0.0150||75.00%||12/03/2020||Reflected Annually|
|CJ||Cardinal Energy||No||1||$0.015||$0.000||100.00%||16/03/2020||Dividend Suspended Temporarily|
|TOG||Torc Oil & Gas||No||N/A||$0.025||$0.005||80.00%||16/03/2020|
|PSK||Prairie Sky||No||N/A||$0.78||$0.24||69.23%||16/03/2020||Reflected Annually|
|VET||Vermillion Energy||No||N/A||$0.115||$0.02||82.61%||16/03/2020||Second Cut|
|WCP||Whitecap Resources||No||N/A||$0.342||$0.171||50.00%||17/03/2020||Reflected Annually|
|SWP||Swiss Water Decaf||No||N/A||$0.0625||$0.00||100.00%||19/03/2020||Dividend Suspended|
|HOT.UN||American Hotel Properties||No||N/A||$0.05||$0.00||100.00%||20/03/2020||Dividend Suspended Temporarily|
|HWO||High Artic Energy||No||N/A||$0.02||$0.00||100.00%||20/03/2020||Dividend Suspended|
|DOO||BRP Inc.||No||N/A||$0.10||$0.00||100.00%||20/03/2020||Dividend Suspended|
|SRV-UN||Sir Royalty Income Fund||No||N/A||$0.0875||$0.00||100.00%||23/03/2020||Dividend Suspended Temporarily|
|BPF-UN||Boston Pizza||No||N/A||$0.115||$0.000||100.00%||24/03/2020||Second Cut, Suspended Temporarily|
|SES||Secure Energy Services||No||N/A||$0.300||$0.030||90.00%||25/03/2020||Reflected Annually|
|DIV||Diversified Royalty||No||N/A||$0.2350||$0.200||14.89%||31/03/2020||Reflected Annually|