There is a perception that dividend-paying stocks will hold up better when the market declines
. But General Electric paid a quarterly dividend of $0.31 per share in 2008. In 2009, during the global recession, GE cut its dividend to $0.10, commencing in the second quarter of 2009. It was not alone. In 2009, a whopping 57 percent of dividend-paying companies either reduced their dividends or eliminated them altogether.