It’s a very common question for any dividend investor. As much as we look to play offense (try to get a rising yield), it’s critical to also have a good defense, avoiding any stock that might reduce its dividend payout. It’s not always easy to do but it’s the key to being able to rely on a dividend portfolio as an income source. In fact, even having no growth is simply not good enough. Your dividend income should increase by the inflation rate at a minimum in order for you to be able to keep the same lifestyle.