MMM - Don't Fall for These 2 Dividend Stocks: Cuts May Be Coming
2023-11-20 11:21:15 ET
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 (NYSE: GOF) and industrial conglomerate 3M (NYSE: MMM) , I think there's a real risk that their dividends will be cut.
Anyone thinking of buying either of these two stocks purely as a dividend play needs to consider the case carefully.
The Guggenheim Strategic Opportunities Fund invests in public equity and fixed-income markets across the globe. It specializes in finding securities or spreads between securities that deviate from their perceived fair value and/or historical norms.
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Don't Fall for These 2 Dividend Stocks: Cuts May Be Coming