Yes, even in the energy sector
With the sharp declines in the stock market, we now see
attractive dividend yields all around.
But while dividend yields rise as stock prices fall, be
careful trolling for rich dividend plays. Many of them will blow up in your
face.
That’s because cash flows are drying up because of the
coronavirus pandemic, which puts financial stress on companies. Many will be
cutting dividends to compensate. If you are shopping for dividends, you don’t
want one of these turkeys.
To sort the good from the bad, I consulted a half-dozen
dividend experts to point us to the safe dividend plays.
Here are 26 companies with safe dividends, and also some
lessons from these experts on how to make this call if you want to look on your
own.
Comments
Post a Comment