These 3 Dividend Giants Could Cut Their Payouts Tomorrow
The COVID-19 pandemic has ravaged the world, and the disease continues to spread in the U.S. despite efforts to control it. That's having a huge impact on people's lives, and it's dramatically changed the way businesses operate.
Many companies are facing unprecedented challenges, and despite the best efforts of central banks and policymakers, it's getting increasingly difficult for many businesses to get the money they need to sustain themselves during tough economic times. That's why even some stalwarts of the dividend investing universe could face the prospect of having to cut their dividends in short order if things don't get better soon. Below we'll look at why high-yielding dividend stocks Boeing (NYSE: BA), ExxonMobil (NYSE: XOM), and General Motors (NYSE: GM) might face the prospect of reducing their payouts soon.
Image source: Getty Images.
Source Fool.com
