After Freeport-McMoRan and Kinder Morgan made dividend changes to deal with a commodities crunch, "Fast Money" traders saw other companies that could follow suit.

Shares of mining giant Freeport rose on Wednesday after the company suspended its annual dividend and announced deeper cuts in capital spending and copper production. Pipeline operator Kinder also slashed its dividend by 75 percent this week, and its shares climbed nearly 7 percent Wednesday.

The traders identified other battered commodities names that could rise after a dividend cut.

Trader Steve Grasso believes that Plains All American Pipeline could eventually chop its dividend. The stock — which has plunged 56 percent this year — yields about 12.5 percent currently, he said.

Shares of Enbridge, another pipeline player, have fallen about 38 percent this year. The stock currently yields about 10.5 percent, and could see a bounce with a dividend decrease, said trader Pete Najarian.

While it only yields about 2.5 percent, United States Steel could also benefit from a dividend cut, said trader Guy Adami. The stock has plunged 70 percent this year.

Disclosures:

Pete Najarian

Long AAPL, AMAT, BAC, BMY, BP, CSX, DIS, DISCA, DKS, FOXA, GE, KKR, KO, MRK, PEP, PHM he is long calls A, AAL, ABX, BAC, BEE, DAL, DOW, EMR, GLW, LC, LULU, MOS, MRK, MSFT, PBR, UAL, TA, TSN, UA VZ, XLF, XLK, GDX WYNN, ZIOP He is long puts FCX, MRO, WFT, X

Dan Nathan

Long PFE buy-write, Long TWTR March Risk Reversal, long IWM Dec Put Spread, Long UUP call spread, Long PYPL Jan Risk Reversal, Long M Jan16 52.50 / 62.50 call spread, Long INTC Dec Put Spread, Long XLF, Dec put spread, Long NTAP risk reversal, GM Long Jan Put Butterfly

Steve Grasso

Steve is Long AAPL, BA, BAC, CC, DD, DECK, EVGN, KBH, MJNA, MBLY, MU, OLN, PFE, PHM, T, TWTR, GDX firm is long DVN, BP, COP, CVX, FCX, OXY, RIG kids own EFA, EFG, EWJ, IJR, SPY

Guy Adami

Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.