Cut These Dividend Stocks Before They Cut

The stock market has moved largely in tandem with Coronavirus (COVID-19) news since March - down on fear, up on hope (with a slug of Fed Superman largesse).
Hopes for a vaccine and a "V" shaped recovery are quickly fading though, as health and Fed officials have been giving a dose of reality.
Despite the gloomy economic outlook, the stock market has rallied, giving investors a chance to sell troubled stocks.
These stocks are all likely to cut their dividends by next year or sooner.
Sell these at-risk stocks now if you care about managing risk.
So far, executives have been trying to hold the line on dividend cuts, but are slowly giving in. As of the end of last week, dividend growth in the S&P 500 has been negative 3% in 2020.
As I talked about in Reopening Too Soon Could Cause Mega-Crash And Depression, the first wave of Coronavirus financial impacts has been bad, but the 2nd wave could be much worse. I am convinced that dozens of companies will throw in the towel and cut dividends rather than continue to raise debt.
Below are several companies that were poised for dividend cuts on any recession coming into 2020. With the mega-recession we are seeing, bordering on a depression, but offset by a massive Fed bailout of the corporate bond market, these companies are still likely to cut dividends by early next year or sooner.
Sell the following dividend stocks before the "biggest suckers rally in history" is kaput and the go full zombie.
Research Summary
I use multiple screens, as a first step, when searching for stocks to buy or sell. Once I've found an interesting company, I do a deeper dive. I have used several screens focusing on financial strength, dividend payout ratios and revenues to identify companies at risk for dividend cuts.
I originally did this exercise early last year when it became apparent from economic indicators the economy was starting to turn over. As I discussed with Margin of Safety Investing members and... Read more