Time To Ditch These 3 Blue-Chip Dividend Stocks

When shopping for dividend stocks, the biggest mistake you can make is buying yield without checking out the company’s fundamentals. This has been particularly true in recent months of those buying traditional blue-chip dividend stocks. Many investors think that because these companies are so large, they are automatically safe investments. This couldn’t be further from the truth.

Even very large companies have ups and downs in their business, so it is critical to avoid those experiencing weak fundamental conditions. A 20% decline in the price of your stock can quickly eliminate the advantages of a 4% dividend yield. Here are three such stocks that might not be such great buys right now: Exxon Mobil (XOM), AT&T (T) and Altria (MO).

Source: InvestorPlace

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