Wall Street’s pundits love touting the Dividend Aristocrats as the crème de la crème of the income world. I get it. The ability to not only pay, but increase, corporate distributions uninterrupted for two-and-a-half decades is an impressive feat that clearly illustrates financial fortitude and sound fiscal management.
But that doesn’t make all Dividend Aristocrats buys. And in fact, five of them – which I will highlight for you today – are downright dreadful long-term dividend holdings.
When investors think of dangerous dividends, they tend to think of companies whose payouts could evaporate overnight. As well they should – nothing can derail your retirement plans faster than watching the dividends you rely on disappear in a flash.…