One company in the Canadian Edge coverage universe cut its dividend last month.

Portfolio changes and dividend cuts happen in twos this month, as a couple members of the How They Rate coverage universe trimmed payouts.

A broader restructuring effort gives Canfor Pulp Products Inc (TSX: CFX, OTC: CFPUF) an opportunity to account for a softer global pulp market.

Westshore Terminals Income Fund (TSX: WTE, OTC: WTSHF) faces a key decision over its “stapled share” structure, while PetroBakken Energy Ltd (TSX: PBN, OTC: PBKEF) continues to establish a new track record of consistent output.

Capstone Infrastructure Corp (TSX: CSE, OTC: MCQPF) hasn’t reduced its dividend yet, but management revealed a very sharp razor this week in the form of updated cash flow guidance.

Weakness in the underlying operation led to distribution cuts for three members of the CE How They Rate coverage universe.

Things have gone from bad to worse, on the way to zero for shareholders, at a former Portfolio Holding.

There were no dividend cuts in the CE coverage universe last month. But the way several funds in How They Rate cover their payouts and expenses raises questions about their long-term viability.

For income investors, it’s generally prudent to sell when a company you own cuts its dividend rather than holding on in the hope that management can right the ship.