Usually, I tend to stay away from companies that have cut their dividends before. That’s because, once management has reduced their company’s payout to shareholders, they wouldn’t be shy about doing it again when things go south.
However, CBL & Associates Properties, Inc. (NYSE:CBL) just might be good enough for me to make an exception. The obvious reason why CBL stock got my attention was its huge payout. With shares trading at around $4.50 apiece, the company offers investors a jaw-dropping yield of around 17.5%.
Source: Income Investors
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