10 Yields Up to 15.4%: Can You Spot the Safe One?
November 06, 2019 at 04:00 AM EST
Most stocks that pay more than 10% are, honestly, trash. Their yields usually look big because their stocks have split once or twice “the wrong way.” Take Tupperware Brands (TUP) , for example. The party ended abruptly for these shareholders. I feel bad for anyone who was mistakenly holding these shares “just for the dividend.” The yield has skyrocketed from the 3% to 4% range into double-digits. Which would normally be pretty sweet, except the reason for the 10%+ payout is a collapse in the stock price from $72 to $9-something: The Tupperware Party Ends in Tears “First-level” income investors tend to turn their brains off once they have identified the yield.… Read more