A stock’s current yield holds an almost untouchable place in most investors’ minds. But here’s the thing: it’s lying to you.
My take: you’re much better off going by a company’s shareholder yield, which tells the full story on the payout we get.
We’ll get into exactly what shareholder yield means for us in a second. But we first need to look at how going by a stock’s current yield alone can steer you into a ditch.
Lumen Technologies Shows How a High Yield Can Be a Trap …
Consider regional telecom operator Lumen Technologies (LUMN), which we discussed last week in our third article on my proven “Dividend Magnet” investing strategy.… Read more