Income investors who bought Mattel stock due to its attractive 6% yield were crushed when the company recently announced a dramatic 61% dividend cut. For those who want to avoid becoming the victims of such “dividend disasters” themselves, the author of today’s article outlines a 3-step test to employ when it comes to dividend-paying stocks. To learn more about this test – including which industries the author states income investors should generally be staying away from right now (and how to identify the exceptions within those industries) – CLICK HERE.
