Dividend stock or dividend trap? Top 3 checks that could make or break your stock pick | Expert weighs in
Dividend stock, Oct. 11 -- Stocks with high dividend yield often attract heightened investors interest, but can it become a sole metric to add one in your portfolio? Dividend yield is the percentage of annual dividend paid by a company to its stock price, and indicates how much dividend income you earn relative to your investment.
"High dividend is attractive; however, the durability of the dividend is what matters," explained Pankaj Pandey, Head of Retail Research-ICICI Securities, while adding that it can't be the sole criteria for a stock selection. So what are the other key factors investors must consider before choosing a stock for investment and dividend? Let's understand from the expert.
Dividend yield could be one of the factors...
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