For dividend investors, we all wanted the above. How do you determine if dividends are sustainable beyond simple numbers like FCF, and NP above distribution? I like to share mine, and hope readers generously share theirs. I am Talking about absolute sum of distribution not yield as yield is a function of price. Distribution amount can be the same or even increasing but yield falling due to runaway prices. Determine "will" to give: 1) Track records and whether owners owned a significant stake (>35%) 2) Case of even in a bad year, dividends is maintained. While some might consider as imprudent, I see it as a good will gesture. Examples include Venture and CMPH 2) Level of buffer of FCF Dun just take FCF as OCF - Capex. Take tax away too, there are some reports that add back finance costs in OCF. Take that away too. 3) ......