Watch Out! These 3 Stocks Might Cut Their Dividends
Investors should always hold a few high-quality dividend stocks in their portfolios. Income stocks generally aren't exciting, but they can generate impressive compound returns over the years via the magic of reinvested dividends and compounding returns.
But at the same time, investors should be wary of companies that could cut their dividends. Here are three currently high-yielding stocks that fit the profile of a company with the potential to cut their dividend: Vector Group (NYSE: VGR), Tanger Factory Outlets (NYSE: SKT), and AT&T (NYSE: T).
Vector Group is a tobacco and real estate company. Its Liggett cigarette brands, which include Pyramid and Eve, make it the third-largest tobacco company in America after Altria and British American Tobacco's Reynolds American. It also owns Douglas Elliman, one of the country's top real estate companies, and numerous hotels, residential buildings, and commercial properties.
Source Fool.com
