Technology changes so fast these days that firms in the sector can see their profits quickly vanish.
Sadly, their dividends can disappear just as quickly!
Recently, we’ve seen companies such as Windstream (WIN), Frontier Communications (FTR) and Allegheny Technologies (ATI) cut or outright drop their dividends, with sky-high yields suddenly evaporating, leaving retirement investors in the lurch.
More pain could be on the way. A trio of tempting tech-stock yields, including two double-digit payouts, look destined for failure.
These stocks might seem like a shoo-in as contrarian investing targets. By simply buying over-punished stocks and waiting for a reversion back to a positive mean – think the “Dogs of the Dow” – investors could collect twofold on both the recovery and the elevated dividends.…