Exchange-traded funds with exposure to dividends slumped Thursday as more companies reported cutting their dividends or considering doing so, to conserve cash for operations. The WisdomTree U.S. MidCap Dividend Fund DON, -3.21% fell 2.8% midday, the SPDR Portfolio S&P 500 High Dividend ETF SPYD, -2.86% was down 2.7%, and the ALPS Sector Dividend Dogs ETF SDOG, -3.29% lost more than 3%. Molson Coors Beverage Co. TAP, -11.17%, which reported earnings early Thursday, was one of the S&P 500’s biggest losers by midday, down 11.6%. The funds listed above are among those with the biggest ownership stake in the brewer. Molson Coors executives told Wall Street analysts that they were considering “a suspension, reduction, or temporary elimination” of the dividend. It wouldn’t be the only one: Royal Dutch Shell RDS.A, -12.83% shares slid about 7% Thursday after saying it would slash its payouts by 66% – the first time for such a step since World War II.