These 3 Dow Jones Stocks Could Suffer Brutal Dividend Meltdowns, Crypto Coins News
Credit Suisse warns that three of the Dow Jones Industrial Average’s highest-yielding stocks could soon send their dividends to the cutting floor.
Boeing, Chevron, and Exxon could be the first high-yield stocks in the index to reduce or suspend their dividends.
Will they be the last?
The stock market’s “sell everything” moment dealt a crushing blow to asset valuations, causing nominal yields to spike ahead of the decade’s first earnings season. But bargain-hunters dumpster-diving for yield should beware.