I'm actually referring to companies that are in sunset industries. They may pay high dividends now but everything is 'priced in'.
I.e. other companies offer 4% dividend but these companies offer 7% dividend. Eventually the capital loss per year is 3% offsetting the additional 3% dividend.
Examples can be seen in O&G even in the absence of terrible economic conditions):


8.39% dividend

7.30% dividend
Yeah, but Barings Bank collapse wasn't caused by lack of reserves but rather a rogue employee combined with weak internal controls.
Basel, statutory and regulatory requirements are not foolproof too. I used to audit banks and the reserves were underprovided due to human error/intention to boost profits as these are based on the accuracy of the bank's calculation.

I have more to say but can't for obvious reasons.  Just believe me when I say banks are not 'guaranteed' safe. In fact, I feel that banks in general are riskier than companies with 50% gearing.

Wanted to quote that as example but from what I've heard, that bank has already been suffering internal management problems for quite a long time.

Industry observation. Plastic packaging has been making moves in the past 2 days, visible across the major counters involved. Possible early signs.

Hold for long term dividend is a good idea, only IF both the share price & DPU is constant 

What if the company earning less in the future, which result in lesser dividend payout...and due to less dividend, share price go down again? 

Share price : decline
Dividend receive : reduced

At the end, wasting money in stock market 

i don't get why borders reopening would benefit F&N. Yes, F&N is a blue chip that has been a dividend cash cow with a stable business. But low can get lower, unless the sellers have all sold out or there is a catalyst news that sparks a bullish reversal. F&N is good, but revenue & profits may have stagnated, which dampens investors' hopes.

I don't know.