This High-Yield Dividend Stock Might Be in Trouble
Income-seeking investors sometimes find the best opportunities from market corrections and bear markets. Good businesses can be temporarily affected by economic slowdowns such as the one caused by the COVID-19 pandemic in 2020.
As share prices of these businesses fall, dividend yields can move into the 5% to 10% range, or even beyond. That's the case with Covanta (NYSE: CVA), the world's largest waste-to-energy provider. With its business segments recovering, Covanta's 7.25% yield might seem enticing, but investors need to be wary of its debt.
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Source Fool.com
