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Safe dividends vs dividend traps

Which fat yields look unsafe — and which are actually covered? Trap = high measured cut-risk with thin free-cash-flow cover; covered = low cut-risk with 1.5x+ cover, backed by realized cut base rates per cohort. Current US-listed payers with a fresh filing only — no dividend on file, no verdict.

SymbolCompanyWhy it's here
CCOInot on fileYield 7.6% · Cut-risk 100 · FCF cover -2.0 · cohort cut rate 18% (n=506)
CODInot on fileYield 9.4% · Cut-risk 97 · FCF cover 0.2 · cohort cut rate 31% (n=286)
ORCLnot on fileYield 1.4% · Cut-risk 96 · FCF cover -4.8 · cohort cut rate 18% (n=506)
NAVInot on fileYield 7.9% · Cut-risk 93 · FCF cover -1.0 · cohort cut rate 28% (n=138)
WHRnot on fileYield 9.9% · Cut-risk 93 · FCF cover -0.7 · cohort cut rate 18% (n=506)
EFCnot on fileYield 11.5% · Cut-risk 93 · FCF cover -4.1 · cohort cut rate 20% (n=658)
DOWnot on fileYield 5.1% · Cut-risk 89 · FCF cover -0.2 · cohort cut rate 18% (n=506)
WLFCnot on fileYield 0.7% · Cut-risk 88 · FCF cover -18.2 · cohort cut rate 18% (n=506)
PWPnot on fileYield 1.8% · Cut-risk 88 · FCF cover 0.7 · cohort cut rate 23% (n=153)
ARInot on fileYield 9.4% · Cut-risk 87 · FCF cover 0.8 · cohort cut rate 30% (n=475)

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QTick publishes measured descriptors and base rates. No number here is a recommendation. Publisher, not adviser.