In a recent edition of Barron’s, Lawrence C. Strauss explained:
“Three sectors have borne the brunt of dividend cuts and suspensions this year in wake of the coronavirus pandemic: Energy, consumer discretionary, and industrials. They remain among the most perilous for income investors.”
Strauss went on to say that these “three sectors accounted for 60% of cuts and suspensions among companies in the Russell 1000 index.” Among the names on the dividend suspension list are Marathon Oil (MRO), Darden Restaurants (DRI), and Boeing (BA).
Strauss summed up the