U.K.-based Aviva ([[AVVIY]], [[AIVAF]]) recently announced its half year results, and some analysts focused on its decision to reinstate its dividend. In fact, the dividend reinstatement was not as straightforward as the headlines suggested and bodes poorly for the future. I am expecting a dividend cut to be announced within a year.
Aviva: The Investment Case that Yield Built
As I outlined in my piece on Seeking Alpha, A Healthy Yield From A Healthy Enough Company: Aviva, the main investment case for Aviva is its historically high yield. Although COVID-19 led to a dividend