Buy Hold Sell: 5 stocks slashing their dividends
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Description
While the August reporting season was mixed itself, the dividend outlook isn't so rosy.  Companies are hoarding their cash, with the payout ratio of the Australian market falling from 62% pre-COVID to 53% today, according to Martin Currie.  The dividend yield for the Australian stock market has also fallen in recent years, with the All Ords now yielding 3.70% compared to the historical average of 4.07%.   So, should investors still hold companies that have announced they will be cutting their dividends or slashing them completely?  To find out, Livewire's Ally Selby was joined by Martin Currie's Reece Birtles and Ausbil Investment Management's Michael Price for their analysis of three stocks that have done exactly that.  Plus, for a little bit of a challenge, we asked our guests to name a stock they are buying today despite announcing they would be cutting or culling their dividends at their August reports. Note: This episode was recorded on Wednesday 11 September 2024. You can read an edited transcript below.  https://www.livewiremarkets.com/wires/buy-hold-sell-5-stocks-slashing-their-dividends/ 
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