3 Dividend Stocks That Are at Risk of Cutting Their Dividends

Some dividend-paying companies have seen their financials struggle over the years. These companies become vulnerable to dividend cuts which can have devastating effects on shareholders. Not only will they receive a lower dividend payment every quarter, but also stocks that cut their dividends often get dropped by investors. Some retirees rely on dividend payments to stay afloat. If you have any of these three dividend stocks, you may want to reassess your holdings.

Not all dividends last forever, and these three stocks look like they will cut dividends in the future: Best Buy (BBY): A declining business model and current liabilities exceeding current assets should concern dividend investors. Verizon (VZ): The telecom giant’s current liabilities are almost 50% higher than current assets. Kronos Worldwide (KRO): The company doesn’t raise its dividend every year, which tells dividend investors all they need to know.

Source: InvestorPlace

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