Danger Lurks for These 3 High-Yield Dividend Stocks

One of the most important lessons of dividend investing is: If the yield looks too good to be true, it probably is. The coronavirus pandemic has driven up dividend yields as it's crushed stock prices, but with companies' earnings forecasts thrown into disarray, the same guideline applies -- a high yield is more likely to be a mirage than an opportunity. Annaly Capital Management (NYSE: NLY) is one of the premier mortgage real estate investment trusts (REITs).