These 3 Dividend Stocks Slashed Their Payouts by More Than 40% Within the Past Year
Dividend stocks can generate plenty of recurring income for your portfolio every year. But investors should always remember that these payouts are never guaranteed. A company facing trouble with its finances might have to resort to cutting the dividend if it can't find a better option.
The market is full of examples of companies slashing their payouts for a myriad of (good and bad) reasons. Three companies that had to cut their dividend payments by more than 40% in the past year are Walgreens Boots Alliance (NASDAQ: WBA), Medical Properties Trust (NYSE: MPW), and Cracker Barrel Old Country Store (NASDAQ: CBRL).
Let's look at why they did it and whether these three stocks could now potentially be good contrarian investments.
Source Fool.com
