These two high-yielding stocks have considerable risk around their current dividend payouts. Anyone thinking of buying either of these two stocks purely as a dividend play needs to consider the case carefully.
Whenever you see a stock with a high dividend yield, the first question to ask is whether the dividend is sustainable or not. In the cases of closed-end fund Guggenheim Strategic Opportunities Fund (GOF) and industrial conglomerate 3M (MMM), I think there's a real risk that their dividends will be cut.
Source: Motley Fool
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Don't Fall for These 2 Dividend Stocks: Cuts May Be Coming
Posted by D4L | Monday, December 11, 2023 | ArticleLinks | 0 comments »________________________________________________________________
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