Don't Fall for These 3 Dividend Stocks: Cuts Are Coming
Devon Energy (NYSE: DVN) has a nearly 5% dividend yield. Pioneer Natural Resources (NYSE: PXD) yields about 4.3%. And Diamondback Energy (NASDAQ: FANG) has a roughly 4.2% yield.
Those are pretty attractive yields given that the S 500 Index is only yielding around 1.3% today, and the average energy stock pays 3.2%, using the Vanguard Energy Index ETF as a proxy.
There's only one problem: You can expect Devon, Pioneer, and Diamondback to cut their dividends.
Source Fool.com
Diamondback Energy Stock
€173.18
-7.300%
With 54 Buy predictions and 1 Sell predictions Diamondback Energy is one of the favorites of our community.
As a result the target price of 186 € shows a slightly positive potential of 7.4% compared to the current price of 173.18 € for Diamondback Energy.
