The stock market is overdue for a correction (to say the least). And when the rising tide pulls back, certain dividend dogs will be exposed.
It’s all well and good to chase 5% and 6% dividends as “bond proxies” when the market continually grinds higher. It’s another story when stocks begin to wobble – and an entire year’s worth of yield is jeopardized in a down week!
Of course some dividend stocks will hold up just fine. But we’re going to pick on three that are likely to be exposed when the bullish music stops.
Gladstone Investment (GAIN)
Dividend Yield: 6.8%
Back in July, I highlighted Gladstone Investment Corporation (GAIN) as a business development company stud amidst a pair of BDC duds.…