These dividend stocks have slashed their payments, Morgan Stanley says

No income investor likes hearing that one of her stocks is trimming its dividend payout, but Morgan Stanley found a silver lining for those who are patient: Shares may recover. Though dividend payments reward long-term shareholders, companies may dial them back if their finances are under pressure. In particular, the prospect of higher interest rates can squeeze these companies, especially if they're managing a lot of debt on their books, because higher rates increase the cost of capital. …