Danger Lurks for These 3 High-Yield Dividend Stocks
Income investors are often drawn to high-yielding stocks, unfortunately like moths to a flame. In the desperate pursuit for meaningful distributions in this low-interest-rate climate, some investors are taking on big risks on big dividends -- and it could all end up in a big mess.
Altria (NYSE: MO), AT&T (NYSE: T), and ExxonMobil (NYSE: XOM) are three well-known corporate giants yielding 8.6%, 7.3%, and 9.4%, respectively, as of Monday's close. Those are some pretty chunky dividend checks being cut, but don't let the household names lull you into a false sense of security. Danger lurks in all three of these iconic high-yielding stocks.
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Source Fool.com
