Don't Fall for These 3 Dividend Stocks: They May Have to Make a Cut.
Here are three dividend-paying stocks that warrant closer examination.
Dividend stocks can be a smart way to generate steady income, especially in uncertain markets. However, not all dividend payers are created equal. A recent study from Ned Davis Research and Hartford Funds found that companies able to grow their dividends over time have historically delivered higher total returns with less volatility than those that merely held steady or slashed their payouts.
With that in mind, let's take a closer look at three stocks to avoid due to their shaky dividend outlooks.
AbbVie (NYSE: ABBV) is a pharmaceutical company with a $300 billion market capitalization known for manufacturing popular drugs Skyrizi and Botox. The stock, down 16% year to date, pays a quarterly dividend of $1.64 per share, representing an annual yield of 3.5%.
