Well well well… while we do not have a new #1, FTR has certainly suffered a big drop in its dividend yield as it continues to look at diminishing profits and a soon to be diminished dividend. Again, if you are investing based off of dividend yield alone, you are making some serious mistakes.
I wrote about why dividend investing is not just a trend and I think that finding the right stocks to include is a critical part.
Today, we are back with our list of the top 100 dividend stocks from the S&P500 and there is no surprise in who is on top. I would caution greatly against investing based only off of a dividend yield though.
Frontier Communications Corp (FTR)
No big surprise again this month as Frontier Communications Corp (FTR) remains at the very top of our top dividend stocks in the S&P500 with a dividend yield of a little under 9%, which is about half of what it was one month ago. The company continues to pay out much more than it can actually afford to pay out.
The dark side of course remains that the company is paying out much more than it is actually able to make, making that dividend everything but sustainable. Every month, I do more in-depth research to find dividend names and FTR has never come out on top of that research..!!
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FTR’s Dividend Payout History
FTR’s days at the top of this chart are nearing its end in my opinion. Not only is FTR going to likely announce a dividend cut later this month but if things keep up, it will not be able to remain in the S&P500… should be interesting! Next week, we will do further research on the 100 stocks listed here to determine which ones are more likely to do well in the long term both based on sustainability and the 20 things that we look for in dividend stocks.
In the meantime, here is the list![table “370” not found /]
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