The Dividend Destroyers

This infamous list includes stocks that have reduced their dividend payments consistently or stopped paying dividends altogether.

The criteria to become a member of this list are that the stock must have been paying dividends for at least five years and the trend in dividend payments has been declining. One off increases in dividends are discounted if the company has a history of decreasing or missing dividends.

Generally, the share market sees a reduction in dividends as a signal of poor performance and will discount the company’s share price immediately and substantially.

There are several acceptable of positive reasons why companies may reduce or stop dividend payments. These are:

  • To conserve cash for a new investment opportunity that will result in a longer term increase in earnings and possibly dividends.
  • To conserve cash to repay debt and therefore reduce interest costs.

The most common reason however is as a response to reduced actual earnings or to signal lower earnings ahead in the future. Share markets usually respond swiftly and viciously to unexpected dividend reductions and slash the share price accordingly.

An important thing to consider is whether the company has split its shares during the historical period of dividend evaluation. There will be a once of reduction in dividend at each share split so it is important to consider this reason for an apparent poor history of dividend performance.

<<   <   Page 1 of 2   >   >> 
Stock Company Sector Dividend
Franking Yield Price
per Share
Star Rating
PROProphecy Intl00.0%0%453.030.00x
NWHNRW Hldgs4-233.3%0.95%21011.62.90x
NTCNetComm Wireless00.0%0%79.55.450.00x
NHFNIB Hldgs21-233.3%3.07%65229.41.40x
NHCNew Hope Corp14-90.5%3.15%38122.61.61x
NCMNewcrest Min35.14-143.0%1.28%193935.581.01x
NCKNick Scali49-233.3%5.93%67550.61.03x
NBLNoni B13-233.3%1.15%34921.31.64x
NAMNamoi Cotton1.9-233.3%4.04%475.32.79x
NABNational Aust Bank198-233.3%6.98%2837194.70.98x
MXIMaxiTRANS Ind3.5-42.9%5.79%60.55.441.55x
MRNMacquarie Media7-233.3%3.32%2118.541.22x
MRMMMA Offshore00.0%0%23-4.110.00x
MQGMacq Grp535-233.3%4.06%12940758.21.42x
OMHOM Hldgs5-233.3%0%13626.865.37x
PPKPPK Grp1-233.3%0%343.43.40x
PPGPro-Pac Packaging2-66.7%8.33%24-1.15-0.58x
PMVPremier Invest62-77.4%2.85%196570.91.14x
PMEPro Medicus9.5-233.3%0.59%101912.41.31x
PMCPlatinum Capital12-233.3%5.41%18517.661.47x
PHIPhileo Aust00.0%0.38%13252940.00x
PFGPrime Financial0.65-233.3%7.83%11.5-0.06-0.09x
PETPhoslock Env Tec00.0%0%46.5-0.170.00x
PANPanoramic Res00.0%0%51-2.090.00x
OSHOil Search14.61-233.3%1.09%89621.441.47x
MOCMortgage Choice12-233.3%10.98%1643.40.28x
MMSMcMillan Shakespr74-233.3%4.08%178860.90.82x
KMEKip McGrath Edu Ctr3.5-233.3%4.41%684.491.28x
KCNKingsgate Cons00.0%0%21.5-14.430.00x
KATKatana Capital2.75-233.3%3.57%778.953.25x
JHXJames Hardie Ind42.93-233.3%1.98%211743.051.00x
JBHJB Hi-Fi137-233.3%5%2640203.091.48x
IZZiShares China LCap120.24-233.3%2.79%5862-198.99-1.65x
IXJiShares Glb Health140.21-233.3%1.11%8496453.363.23x
IXIiShares Glb Cons160.47-233.3%1.97%6911246.751.54x
IVViShares S&P 500643.82-184.2%1.38%403164067.326.32x
IVEiShares MSCI EAFE228.56-233.3%2.5%9368-1875.33-8.20x
<<   <   Page 1 of 2   >   >> 

The information provided on this website is for use of a general nature only and is not intended to be relied upon as, nor to be a substitute for, specific professional or investment advice. The team at are not lawyers, financial planners, investment advisers, or accountants. So, before taking any action or risking any money, you should always check with your own qualified professional advisers.