I keep saying it because it’s true and critical to your retirement wellbeing (or lack thereof) – don’t take any dividends for granted today!
In a minute I’ll outline a 3-step “dividend disaster” test that you can quickly run on the stocks you own. I want to make sure you don’t hold the next Mattel (MAT) simply because “its yield looked good” or “so-and-so guru recommended it.”
First-level income hounds piled into Barbie’s plastic 6% yield. But when the firm “surprisingly” announced a sharp 61% dividend cut two weeks ago, shares completed a 36% dive:
6 Years of Dividends, Gone
Our Contrarian Income Report portfolio was, yet again, unique in our handling of this ticking toy bomb.…