On February 25, we downgraded Carnival's (CCL) Dividend Safety Score to Borderline Safe. Our full note here is worth reading for more background on Carnival's situation, but in our conclusion, we wrote: Cruise demand will take a hit for some period of time, but barring a major setback, Carnival appears to have the financial strength necessary to ride [...]

Canadian Imperial Bank of Commerce (CM) CEO Victor Dodig was interviewed by BNN Bloomberg this afternoon and gave a strong vote of confidence to the bank's dividend: We've never cut a dividend since 1868. Our goal is to make sure those dividends are flowing...The Canadian investors that invest in our banks rely on those dividends for income. [...]