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Don't Fall for These 3 Dividend Stocks: Cuts Are Coming
DVNDevon Energy(DVN) The Motley Fool·2024-03-30 09:02

Devon Energy (DVN 1.46%) has a nearly 5% dividend yield. Pioneer Natural Resources (PXD 0.96%) yields about 4.3%. And Diamondback Energy (FANG 0.83%) has a roughly 4.2% yield.Those are pretty attractive yields given that the S&P 500 Index is only yielding around 1.3% today, and the average energy stock pays 3.2%, using the Vanguard Energy Index ETF as a proxy.There's only one problem: You can expect Devon, Pioneer, and Diamondback to cut their dividends.Energy is a volatile sectorThose three are all energy ...