Other companies may not be cutting dividends like NEM did but,
other defensive stocks in drug, consumer prod., utilities are seeing much lower dividend yields due to their recent stock price spikes. So NEM dropped its dividend 18%. It sill is yielding 4% annualized at .35 per share. I think the worst is over for Gold. The dividend could be increased just as fast as it was decreased in coming quarters. A 4% worst case scenario yield isn't bad, when you consider the alternatives in equities. Especially, after most defensive stocks are seeing their dividend yields declining, with every uptick in the stock price. Most of the high fliers are under 4% now.
Some of my favs that I'm thinking of swapping out of.