Not all companies that have suspended dividends are high risk businesses

However, we are seeing a huge number of companies suspend or cut their dividends in response to the pressures that the Covid-19 pandemic is putting on their business, or the wider economy.  Avoiding fallen angels in the credit sector The definition of an income share depends upon which year an investor looks at. For example, a high yield in 2019 may be followed by zero income in 2020.  We tend to look a bit further out and consider what dividend yield we would expect to achieve from companies when conditions normalise for that business.  We cannot be precise on these estimates, ...