Data · Safety Score Track Record · rolling
Dividend Safety Score: Track Record
Preliminary · Period 2026-04-01 to 2026-09-23 · Generated September 23, 2026 · updates daily until the period closes
Abstract
Since 2026-04-01, 22 listed companies with a dividend safety score have cut a regular dividend.
16 of them (73%) were graded C or lower before the cut; 1 (5%) was graded A.
Measured against the current grade distribution, names graded C or lower cut at 4.2 times the rate of names graded A or B.
Key figures
- Scored cuts observed
- 22
- Graded C or lower beforehand
- 73%
- Graded A beforehand
- 5%
- Cut rate, C-or-lower vs A-or-B
- 4.2×
1.Cuts by safety grade held before the cut
| Grade | Cuts | Payers holding grade | Cut rate |
|---|---|---|---|
| A | 1 | 932 | 0.11% |
| B | 5 | 644 | 0.78% |
| C | 7 | 781 | 0.90% |
| D | 8 | 218 | 3.67% |
| F | 1 | 7 | 14.29% |
Cut rate divides cuts since tracking began by the number of payers currently holding the grade; it is an approximation until a full year of history accrues.
2.Every scored cut, most recent first
| Ex-date | Ticker | Company | Sector | Before | After | Change | Score before | Grade before |
|---|---|---|---|---|---|---|---|---|
| 2026-09-15 | FDUS | Fidus Investment Corporation | Financial Services | $0.6200 | $0.5000 | -19.4% | 47 | D |
| 2026-09-10 | TU | TELUS Corporation | Communication Services | $0.3000 | $0.1360 | -54.7% | 67 | B |
| 2026-09-03 | NTES | NetEase, Inc. | Communication Services | $0.7200 | $0.4800 | -33.3% | 55 | C |
| 2026-09-01 | WEN | The Wendy's Company | Consumer Cyclical | $0.1400 | $0.0700 | -50.0% | 51 | C |
| 2026-08-24 | IFN | Aberdeen India Fund, Inc. | Financial Services | $0.3900 | $0.3700 | -5.1% | 55 | C |
| 2026-08-19 | CHCT | Community Healthcare Trust Incorporated | Real Estate | $0.4800 | $0.3300 | -31.3% | 67 | B |
| 2026-07-31 | FCPT | Four Corners Property Trust, Inc. | Real Estate | $0.3670 | $0.1220 | -66.8% | 74 | B |
| 2026-07-30 | MSB | Mesabi Trust | Basic Materials | $0.2400 | $0.0500 | -79.2% | 53 | C |
| 2026-07-30 | CAG | Conagra Brands, Inc. | Consumer Defensive | $0.3500 | $0.1750 | -50.0% | 78 | B |
| 2026-07-17 | UDR | UDR, Inc. | Real Estate | $0.4350 | $0.1450 | -66.7% | 74 | B |
| 2026-07-02 | CIG | Companhia Energética de Minas Gerais - CEMIG | Utilities | $0.0480 | $0.0430 | -10.4% | 54 | C |
| 2026-06-30 | CGBD | Carlyle Secured Lending, Inc. | Financial Services | $0.4000 | $0.3500 | -12.5% | 43 | D |
| 2026-06-30 | BGS | B&G Foods, Inc. | Consumer Defensive | $0.1900 | $0.0950 | -50.0% | 52 | C |
| 2026-06-30 | KREF | KKR Real Estate Finance Trust Inc. | Real Estate | $0.2500 | $0.1000 | -60.0% | 44 | D |
| 2026-06-17 | FSK | FS KKR Capital Corp. | Financial Services | $0.4800 | $0.4200 | -12.5% | 31 | F |
| 2026-06-16 | NMFC | New Mountain Finance Corporation | Financial Services | $0.3200 | $0.2500 | -21.9% | 37 | D |
| 2026-06-15 | OCSL | Oaktree Specialty Lending Corporation | Financial Services | $0.4000 | $0.3400 | -15.0% | 45 | D |
| 2026-06-12 | SLRC | SLR Investment Corp. | Financial Services | $0.4100 | $0.3100 | -24.4% | 48 | D |
| 2026-06-12 | FLO | Flowers Foods, Inc. | Consumer Defensive | $0.2480 | $0.1250 | -49.6% | 80 | A |
| 2026-05-29 | CCAP | Crescent Capital BDC, Inc. | Financial Services | $0.4200 | $0.0300 | -92.9% | 42 | D |
| 2026-05-22 | ABR | Arbor Realty Trust, Inc. | Real Estate | $0.3000 | $0.1700 | -43.3% | 36 | D |
| 2026-05-15 | EMBJ | Embraer S.A. | Industrials | $0.0490 | $0.0090 | -81.6% | 51 | C |
Method and definitions
- The safety score is computed from payout coverage, free cash flow, balance sheet strength, growth history and yield versus history, and graded A (80–100), B (66–79), C (50–65), D (36–49), F (0–35). The score recorded at the time a cut was detected is used, not the current score.
- This page updates daily. It reports the model's record; it is not a recommendation.
Cite this note
SmarterDividends (2026). Dividend Safety Score: Track Record. https://smarterdividends.com/data/safety-track-record
Free to quote and reproduce with attribution and a link to this page.
For informational purposes only; not investment advice.