Here are key updates for dividend investors: Leon’s Furniture Ltd., Newell Brands Inc. and Gannett Co. Inc.

Article Excerpt

LEON’S FURNITURE LTD. $14 is a buy for aggressive investors. The retailer (Toronto symbol LNF; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 77.6 million; Market cap: $1.1 billion; Dividend yield: 3.4%; Dividend Sustainability Rating: Average; www.leons.ca) had to shut down most of its 86 Leon’s and 204 Brick stores due to the COVID-19 pandemic. However, the company is now seeing the benefits of its decision to transfer its online stores to the Shopify (Toronto symbol SHOP, and a Power Growth Investor recommendation) platform. That has helped it cope with rising e-commerce volumes. Leon’s sales and earnings should improve over the next few months as its stores reopen. For now, to conserve cash, it is reducing your quarterly dividend by 25.0%. Starting with the July 2020 payment, investors will receive $0.12 a share instead of $0.16. The new annual rate of $0.48 yields 3.4%. We’ve also cut Leon’s TSI Dividend Sustainability Rating to Average from Above Average. NEWELL BRANDS INC. $14 remains a hold. The company (Nasdaq symbol NWL; Conservative-Growth Payer…

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