Double-digit yielders -- that is, stocks with dividends that yield 10% or more -- are hard to find, and even harder to keep. That's because unless a company is a REIT or some other high-yield-friendly investment type, a big dividend yield often doesn't stick around for long.
Thanks to the market's big March crash, quite a few stocks have seen their yields jump above 10%. You might be tempted to grab those big payouts now, but beware! If it's an unsustainably high dividend that gets cut, you not only lose out on the yield, but you'll probably also see your initial investment lose value as other, quicker investors dump the stock.
Three stocks that look like potential dividend traps right now include Western Midstream Partners (NYSE: WES), Suburban Propane Partners (NYSE: SPH), and AMC Entertainment Holdings (NYSE: AMC). Here's why you should be suspicious.