Below are six excerpts from Seeking Alpha espousing the merits of owning these high dividend yielding stocks. The results of their performance YTD is shown in the table below.
These six stocks (ranked 7 -12) are burning cash like a small brush fire. Note the dividends column is included in the total value column. You would have more principle left over if you just put 100k in the bank and withdrew the amount paid in dividends tax free. To add insult to injury you are taxed on the dividends you receive. You will need other assets in your portfolio working overtime to cover the losses from these Seeking Alpha recommendations. These high yield dividends come at great cost to your portfolio performance.