These 3 Dividend Giants Could Cut Their Payouts Tomorrow

These 3 Dividend Giants Could Cut Their Payouts Tomorrow

Below we'll look at why high-yielding dividend stocks Boeing ( NYSE:BA ) , ExxonMobil ( NYSE:XOM ) , and General Motors ( NYSE:GM ) might face the prospect of reducing their payouts soon.. Boeing isn't well known for its dividend growth, and its current streak of dividend increases dates back just eight years.. Unless other sources of cash appear quickly, Boeing is likely to have to cut its dividend dramatically or even eliminate it entirely in order to get any help and keep itself viable in the short term.. ExxonMobil has a much longer history of dividend growth, coming into 2020 with a 37-year streak of boosting its payout every year.. General Motors stands to be a victim in the COVID-19 pandemic.. But if revenue falls sharply as a consequence of the outbreak, General Motors might have to look at reducing its payout in order to keep tough financial conditions from becoming worse.. Investors can expect Boeing, ExxonMobil, and GM to do what they can to preserve their dividends -- but it's still possible that their efforts will prove insufficient to forestall cuts..