Energy Transfer's 2020 Dividend Cut Still Haunts Some Investors. Here's Whether That Risk Is Still Real.
Energy Transfer was a dividend cutter in 2020, but there's a good chance it won't be a repeat offender.
Overview
"Once bitten, twice shy" is a common idiom that refers to a person who was hurt or disappointed once being much more cautious or hesitant to try something again (it's the title of a song originally released in 1975 that gained some commercial success when it was covered in 1989).
"Once bitten, twice shy" is also an idiom common to dividend investors, who, after enduring one dividend cut from a company, are reluctant to allocate their hard-earned capital to those shares again.
Details
So it's understandable that Energy Transfer's (NYSE: ET) 2020 payout cut, one largely brought on by the need to conserve capital during the coronavirus pandemic, still weighs on some equity income investors.
Source
Originally published at www.fool.com.