Through the past year I have watched three companies which I own stock in cut their dividend payments. The three companies were GE, NWL, and PFE.
I was happy to see recently that Altria (MO) and Phillip Morris International (PM) currently both raised their dividends. It is nice to see companies with strong cash flows that are not afraid to raise payouts and reward shareholders.
*Disclaimer-I own shares of GE, NWL, PFE, MO, PM*