Senior analyst Chen Weitai said that at this stage, anti-inflation and value preservation have become market trends, accelerating market funds to run towards "high-yield stocks". However, when investors are looking for stable dividends, they mistakenly believe that the higher the cash yield, the better. At this time, it is easy to fall into the myth of high dividends. Remind investors that if there are four scenarios, they may accidentally fall into the trap of high-yield stocks.
Trap 1: Dividends of stocks benefiting from the epidemic surged, attention must be paid to long-term distribution stability Senior analyst Special Database Chen Weiliang gave an example. Due to the impact of the epidemic in the past two years, the profit of the epidemic prevention group has shown a triple jump. From the perspective of the yield rate, it is relatively attractive, but the stock price has continued to fall. Mainly because of the dividend distribution over the years and the lack of stability in profitability. Take Shenfeng, a medical-grade latex factory, as an example.
Last year, it issued a cash dividend of 10 yuan. This year, it announced a cash dividend of 15 yuan. The conversion yield is more than 10%. It is reasonable to say that it should support the stock price to rise, but it is not. It is precisely because Shenfeng's revenue has fallen sharply after the peak period of epidemic prevention has passed, and it may be difficult to distribute such a high dividend in the future.