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3 Stocks With Safe Dividends Despite Coronavirus Disruptions

TheMotleyFool

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3 Stocks With Safe Dividends Despite Coronavirus Disruptions

One of the many casualties of the COVID-19 outbreak has been dividend payments, especially those in the energy patch. Several companies in that sector have slashed their payouts in response to the crash in crude prices, following not only plunging demand from the outbreak, but also a price war between Russia and Saudi Arabia.

While investors expect that many more companies will reduce their payouts in the fallout from the outbreak, several can withstand this shock. Three dividends that should be safe are those of pipeline giant TC Energy (NYSE: TRP), infrastructure operator Brookfield Infrastructure Partners (NYSE: BIP), and utility NextEra Energy (NYSE: NEE).