In a report out this morning, Deutsche Bank said investors are taking
false comfort in the dividends of mining stocks and said most metals
companies have now gone into "survival" mode and slashing dividends will
be the most readily available source of cash.
Deutsche Bank said Alcoa (NYSE: AA) and Freeport-McMoRan (NYSE: FCX) are
the most likely to cut dividends within the next 2 months. Well,
Freeport-McMoRan did in fact suspend their dividend today, leaving Alcoa
as the next likely.