A number of UK companies have suspended or cut dividends, and it is a been estimated that in a worst case dividend payouts will be 51% lower this year than in 2019.  This podcast looks at the case of BP and Royal Dutch Shell, both of which took important decisions with respect to their first quarter dividends last week.  The podcast also touches on how the market pullback has created opportunities for long-term value investors, while market volatility has created short-term tactical opportunities for sophisticated investors to take long and short positions.  Q1 results from AstraZeneca, Barclays, Lloyds Banking Group are also referenced as well as Glencore's Q1 production report.