Don't Fall for These 2 Dividend Stocks: Cuts Are Coming
Ever since the COVID-19 pandemic began, things have been brutal in the office real estate investment trust (REIT) sector. Work-from-home proved to be a viable model for some companies, and employees generally prefer it. Bosses generally do not, but with a super-tight labor market, employees have the upper hand.
As the office vacancy rates crept up, office landlords suffered. The recent tightening of monetary policy from the U.S. Federal Reserve also negatively affected mortgage REITs. There were dividend cuts across the board with the mortgage REITs, and more may be coming.
Here's how the current economic situation is messing with the financials of two particular dividend stocks.
Source Fool.com
