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The past few weeks have been difficult on income investors. While the traditional dividend season was generally associated with the occasional dividend increases, this one has come straight from a Stephen King novel. The pace of dividend cuts in the stock market announced so far this year exceeds any single year totals for the past decade (2010-2019).
Early in May we exceeded the total dividend cut announcements in the entire calendar year of 2009. Some cuts have been particularly brutal like MGM resorts (MGM) cutting its dividend