any of these stocks at risk of cutting Dividend?

[Canuck]

Crescent point
Bonavista
Keyera
Pembina
Westshore
Power Financials
Bell Aliant
Alta gas
Arc Energy
Just energy
Baytex
Veresem
Freehold
Canexus
Chemtrade
Leisure World
Pengrowth

any thoughts are welcome? feel pretty safe about most of these besides Bona and Pengrowth and maybe Bell....but you never know, I could be missing something?
Crappy market these days, but tempted to buy some of these or add to my positions.

[KaeJS]

Baytex and Crescent Point should be fine.

I'd assume JE will be fine, too. But you never know with that one...

I own CPG, would like to own BTE, and I have owned JE in the past.

I can't speak for any of the others.

[blin10]

if I had to bet these would be my top picks who should be fine:
Keyera
Pembina
Arc Energy

[dubmac]

Which ones have the highest payout ratio?
Someone started a thread on Pengrowth, and it has had a few warnings written in the G&M, but no cut yet.

[sharbit]

Pengrowth has a cashflow problem so it's likely a dividend cut will occur; the've bene doing this quite agressively over the past few years.

I would be concerned about any canadian stock that pays >10% dividend. Usually there's a good reason why that is - the market doesn't hand out above average dividends for free.

That being said if you hold it I'm not sure what I would do at this point because I would have never bought it in the first place.

[Canuck]

"That being said if you hold it I'm not sure what I would do at this point because I would have never bought it in the first place."


well obviously sometimes you buy a stock yielding less than 10% but it ends up yielding a lot more if the stock declines, but yes, i agree with not buying anything with too big a yield. Pengrowth and Just energy are the only ones yielding over 10%, i'm not going to buy any more of shares of those companies, i do think that I'll probably hold onto them though, and hope that the cut is no greater than 50%

thanks for those that commented

[Canuck]

have to agree with your choices, I'd also add Alta....I do feel the safest with those 4, as far as this list is concerned.
I do own Inter pipeline, Enbridge, Bce, Trap, Brookfield, and some others, but I'm not concerned at all about those cutting their dividend

[doctrine]

Bell isn't going to be cutting their dividend. In fact, they will likely continue with 5-10% a year increases - not major, but pretty good with the initial starting 5-5.5%.

[gibor]

Why would CHE.UN cut their dividends with payout ratio at 71%?

[Canuck]

I'm talking Bell Aliant not BCE