I know this varies vastly from company to company and index to index but... what impact should we expect to see here on dividends? Some of the LICs with large cash holdings may be able to smooth payments but may also use this time to aggressively accumulate hence also cut dividends. I know historically dividends have not been hit anywhere near as hard as price. I however think we could see dividends cut but 50% or more. Take VAS as example. It distributes the income it receives from the ~300 companies it holds to its unit holders. Many of these 300 companies may drastically cut or even completely cut dividends for the foreseeable future. What’s everyone’s thoughts on this? Also for those living off dividends and not ‘actively’ accumulating now would be when those few years living expenses/cash buffer (rainy day fund)would be worth its weight in gold, something that all Investor’s should have regardless the asset class (and renters).