This Ultra-High-Yield Dividend Stock Is Dirt Cheap. And Wall Street Thinks It Will Soar More Than 30% in 2024
Finding a stock with a high dividend yield isn't necessarily a home-run investment. Often, a stock offers a high yield because something is wrong. The dividend might be in danger, or the business outlook may be weakening, sending the stock price lower.
Those stocks could be traps. They might cut their dividends, and the stock price might keep moving lower. That's a double whammy for investors.
But there are a few companies that can generate consistent free cash flow that increases year after year. And with low capital intensity, they're willing to pay out a significant amount of that cash to shareholders.
Source Fool.com
