Why These High-Yield Dividend Stocks Are a Terrible Buy
Energy stocks used to be well known for paying reliable and growing dividends. Big oil, in particular, has been a reliable segment of the market to find dividends and is even well represented in a list of Dividend Aristocrats with decades of consecutive years growing their dividends.
But in the last decade, the energy business has been turned on its head. Renewable energy has upended coal in electricity generation, electric vehicles (EVs) have taken market share from internal combustion engines, and falling commodity prices have reduced margins for oil and gas companies. As a result, energy dividends aren't as safe as they seem, and ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), and Total (NYSE: TOT) offer three high dividend yields that I think are in trouble long term.
Image source: Getty Images.
Source Fool.com
