No Dividend Cuts, And Nine Dividend Increases In The COVID-19 Crisis

The pandemic is leaving a trail of dividend destruction. Strong dividend growth records are laid to rest.
Not even the Dividend Aristocrats are safe.
Dividend health is a sign of fiscal health and the confidence of management.
All of my 7 Canadian holdings and 17 US companies have held or increased dividends.
Dividend health. It's a topic du jour for many investors in these pandemic times. Many self-directed investors embrace dividend growth strategies. They can use it to seek quality and long-term total return potential. Many investors will use that growing income to drive that total return.
And of course many retirees use the dividends as a key source of income.
A dividend cut signals that management either does not have the monies to pay increasing dividends or they are very cautious about the future prospects. Obviously, a dividend cut is not a good sign. Many companies got out early and cut their dividends in the beginning weeks of these trying times.
Of course, we've had to close down much of the economy to shelter in place in order to control the virus.
The COVID-19 Kill Zone
Some business lines are simply shut down until further notice. You might say they are directly in the COVID-19 Kill Zone. That would include cruise lines, airlines, casinos, professional sports teams and stadiums, restaurants and cinemas, and all of the associated suppliers and spin offs.
I gave an example of that in ...
A V-shaped recovery? Fuggedaboutit!
As an example, just think of the spins off and ripple effects of professional sports. Most agree we will not be in the stands any time soon. No ticket sales. No ticket takers. No need to park your car and pay the man. No taxi. No Uber. No pre-game beers at the pub with wings and beers. No post game beers. No purchase of team shirts and paraphernalia. No one to show you to your seat. No park security. No game food vendors. No beer sales. Less TV production needs.
The COVID-19 walking dead stocks... Read more