Sell: Annaly Capital and its Inevitable Dividend CutBack in the mid-2000s, Federal Reserve Chairman Alan Greenspan sent rates flying from 1% to 5.25%. After being spun off from Alltel in 2006, Windstream delivered a robust 25-cent quarterly payout that never inched higher. WIN reduced its payout to 15 cents quarterly following the 2015 spinoff of its real estate holdings into Uniti Group (UNIT). Many analysts and other pundits had the right idea, decrying Windstream and its unsustainable dividend … but as shares sank, the yield ballooned. Toymaker Mattel (MAT) in mid-June slashed its dividend by roughly 60%, from 38 cents per share quarterly to a meager 15 cents.

Source: Forbes August 19, 2017 12:22 UTC