HPQ
HP Inc.
stock NYSE

UPS looks to be the worst. KVUE got hammered on a new talc lawsuit in Europe at the same time as RFK's attack on Tylenol. I expect a small recovery, but the dividend looks safe for now. Other than UPS, looks like KVUE, CVX, VZ, PFE look safe. Not interested in T or HPQ so I did not waste tokens on them.
2025 Proj. FCF Payout Ratio
UPS N/A (H1 FCF did not cover div)
PFE 63.60%
VZ 60.30%
KVUE 61.50%
CVX 56.90%
[https://docs.google.com/spreadsheets/d/e/2PACX-1vSoHOeedOCvMYoyQed2q0hwPIsWNCMSe79pvJa8QAWZ0Hi\_yCer9UvQoCN8yifk6NyScveK4Owc9BCm/pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vSoHOeedOCvMYoyQed2q0hwPIsWNCMSe79pvJa8QAWZ0Hi_yCer9UvQoCN8yifk6NyScveK4Owc9BCm/pubhtml)

From your list, I own VZ, T, PFE, and CVX. I do not own KVUE or HPQ or UPS, although UPS is on my watch list. I just have not pulled the trigger.
I believe UPS is in danger, big danger. I still expect their CEO to be terminated in 2025, but it is looking more and more like she will slide through.
The PFE CEO needs the SEAGEN acquisition to payoff, I think he gets canned in 2026.
VZ cash flow is still great, it can afford their dividends.
As others have said, T cannot cut again, they are trying to build back shareholder happiness.
In my opinion, the drug company spinoffs VTRS, OGN, and KVUE are all bad. Sure, you are paid a dividend but the stock price keeps declining. I sold my VTRS and OGN from the spinoffs.

AT&T already implemented a dividend cut a major one in early 2022  from $2.08 per share to $1.11 per share!!!! Pfizer faces high dividend risk due to a payout ratio exceeding 90%, tight free cash flow, and upcoming patent expirations that may weigh on revenue, but they got deep lobbying pockets in congress so who knows????? UPS has a relatively high payout ratio near 85%, has taken on debt to fund share buybacks, and faces margin pressure from labor costs and slowing volumes; although CEO commentary insists the dividend is safe, a freeze or mild trim is more likely than a cut. Verizon is at moderate risk with high debt but stable cash flow and a payout ratio under 60%, supporting dividend stability barring major shocks, no body going to stop using cell phones or the internet.... Kenvue is a moderate risk due to leverage from its recent spin off, with no imminent cut expected but subdued dividend growth. Chevron maintains low risk, having raised its dividend in 2025 supported by strong free cash flow and a favorable oil price environment, making a cut highly unlikely IMO they''re a powerhouse. HPQ also appears low risk with a moderate payout ratio around 35%, stable free cash flow, and consistent dividend growth, making its dividend secure especially with all this AI hype and they're expanding in other countries!!!

I have 3 tranches of dividend stocks, and this list is the lowest quality junk I own for the yield.
I'm curious to hear from you all which of these is likely to have a dividend cut. I use this money to pay actual bills, so it's seperate from my main brokerage which is boomer (vti), millienials (qqq) + options.
UPS on their earnings call last time defended them taking a loan to buy back stock so they can eat their own yield ... it's true, listen to the earnings call cfo saying it.
PFE also seems like a reckoning will happen, but it seems like somehow they will manage?
VZ and KVUE I think can navigate for decades to come, so I hope I get my money back.
I'm least worried about CVX, T, HPQ.
In other words I think the market is right here in terms of divi yield meaning cuts, but was wondering what do you think?

UPS looks to be the worst. KVUE got hammered on a new talc lawsuit in Europe at the same time as RFK's attack on Tylenol. I expect a small recovery, but the dividend looks safe for now. Other than UPS, looks like KVUE, CVX, VZ, PFE look safe. Not interested in T or HPQ so I did not waste tokens on them.
2025 Proj. FCF Payout Ratio
UPS N/A (H1 FCF did not cover div)
PFE 63.60%
VZ 60.30%
KVUE 61.50%
CVX 56.90%
[https://docs.google.com/spreadsheets/d/e/2PACX-1vSoHOeedOCvMYoyQed2q0hwPIsWNCMSe79pvJa8QAWZ0Hi\_yCer9UvQoCN8yifk6NyScveK4Owc9BCm/pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vSoHOeedOCvMYoyQed2q0hwPIsWNCMSe79pvJa8QAWZ0Hi_yCer9UvQoCN8yifk6NyScveK4Owc9BCm/pubhtml)

From your list, I own VZ, T, PFE, and CVX. I do not own KVUE or HPQ or UPS, although UPS is on my watch list. I just have not pulled the trigger.
I believe UPS is in danger, big danger. I still expect their CEO to be terminated in 2025, but it is looking more and more like she will slide through.
The PFE CEO needs the SEAGEN acquisition to payoff, I think he gets canned in 2026.
VZ cash flow is still great, it can afford their dividends.
As others have said, T cannot cut again, they are trying to build back shareholder happiness.
In my opinion, the drug company spinoffs VTRS, OGN, and KVUE are all bad. Sure, you are paid a dividend but the stock price keeps declining. I sold my VTRS and OGN from the spinoffs.

AT&T already implemented a dividend cut a major one in early 2022  from $2.08 per share to $1.11 per share!!!! Pfizer faces high dividend risk due to a payout ratio exceeding 90%, tight free cash flow, and upcoming patent expirations that may weigh on revenue, but they got deep lobbying pockets in congress so who knows????? UPS has a relatively high payout ratio near 85%, has taken on debt to fund share buybacks, and faces margin pressure from labor costs and slowing volumes; although CEO commentary insists the dividend is safe, a freeze or mild trim is more likely than a cut. Verizon is at moderate risk with high debt but stable cash flow and a payout ratio under 60%, supporting dividend stability barring major shocks, no body going to stop using cell phones or the internet.... Kenvue is a moderate risk due to leverage from its recent spin off, with no imminent cut expected but subdued dividend growth. Chevron maintains low risk, having raised its dividend in 2025 supported by strong free cash flow and a favorable oil price environment, making a cut highly unlikely IMO they''re a powerhouse. HPQ also appears low risk with a moderate payout ratio around 35%, stable free cash flow, and consistent dividend growth, making its dividend secure especially with all this AI hype and they're expanding in other countries!!!

I have 3 tranches of dividend stocks, and this list is the lowest quality junk I own for the yield.
I'm curious to hear from you all which of these is likely to have a dividend cut. I use this money to pay actual bills, so it's seperate from my main brokerage which is boomer (vti), millienials (qqq) + options.
UPS on their earnings call last time defended them taking a loan to buy back stock so they can eat their own yield ... it's true, listen to the earnings call cfo saying it.
PFE also seems like a reckoning will happen, but it seems like somehow they will manage?
VZ and KVUE I think can navigate for decades to come, so I hope I get my money back.
I'm least worried about CVX, T, HPQ.
In other words I think the market is right here in terms of divi yield meaning cuts, but was wondering what do you think?