Beware Dividend Cuts in Utility ETFs
January 24, 2014 at 09:30 AM EST
Earlier this week, FirstEnergy (NYSE: FE), an Ohio-based utility, slashed its quarterly dividend to 36 cents per share from 55 cents. It was the first dividend cut for the company and it did not go unnoticed by the financial press. FirstEnegy’s dividend reduction should not go unnoticed by...