Investors relying on a consistent payout can't afford to keep these names
What’s the point in chasing yield if you’re saddled with failing dividend stocks? It’s time to drop some of these names from your holdings.
Dividend stocks are great ways to beef up your portfolio as long as they’re the right names. You should avoid failing dividend stocks at all costs.
Dividend stocks are often at the core of an investor in retirement because they’re looking for a quarterly or monthly income stream to help supplement their wallets.
Retired investors can’t afford to failing dividend stocks because they usually won’t have the opportunity to return to the workforce and make up for an investing catastrophe.
Failing dividend stocks are a sad state of affairs because that means one of two things – that the payout isn’t worth the falling stock price or weakening fundamentals that put the stock price at risk. Or the dividend itself is in jeopardy.
And what’s the point of having a dividend stock if you can’t rely on a consistent payout?
The Dividend Grader is a great tool to help you weed out failing dividend stocks and secure your portfolio. Here are seven dividend stocks to avoid now.
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