The past two articles examined companies that had been removed from the Dividend Champions list due to dividend cuts. This final article considers whether one should have continued to hold onto those companies, or sell them and place the money into an S&P 500 index fund.

There are numerous books available to the dividend investor.  Before considering any of them, the essential reading is The Intelligent Investor by Benjamin Graham.

Dividend Champions are companies that have survived the past two recessions. I wanted to understand why companies that historically had been Dividend Champions lost that status and came to realize that this situation is quite rare. Part 1 examined three dividend cutting companies and part 2 looks at the other five more companies of interest before applying what has been learned into an actionable future.