T - Are These 3 Cheap Dividend Stocks With High Yields Too Good to Be True?
2023-12-14 08:45:00 ET
When dividend stocks crash in value, that sends their yields up in the opposite direction. But there can be danger for investors who load up on a stock just because its yield is high.
Before buying shares of a high-yielding company, investors should take a quick look to see why the stock is underperforming, and why the yield is so high. That can avoid a lot of headaches and regrets later on.
Three dividend stocks that look cheap right now are Pfizer (NYSE: PFE) , Enbridge (NYSE: ENB) , and AT&T (NYSE: T) . They have all been struggling this year, and their yields are now well above 5%. Let's look at why these payouts are so high and whether you should consider investing in any of these stocks today.
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Are These 3 Cheap Dividend Stocks With High Yields Too Good to Be True?