Danger Lurks for These 3 High-Dividend Stocks

ExxonMobil (NYSE: XOM), Archrock (NYSE: AROC), and ONEOK (NYSE: OKE) are tempting right now, as their dividends generate nearly 10% returns. However, this has more to do with falling stock prices than with their dividend policy. ExxonMobil, a dividend aristocrat who has increased its annual dividend payout for 37 consecutive years, has become a value trap. The company's stock has fallen more than 50% since the start of the year, pushing the dividend yield to over 10%, a level that will be difficult for the oil giant to maintain, especially given its payout ratio of 154.67% after 12 months ( TTM).

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