It’s no secret that I’m a big fan of dividend stocks. The higher the yield, the better for my retirement portfolio. Even better if they’re Dividend Aristocrats with a proven track record of increasing dividends.
However, even I know that dividend yields aren’t everything. If I’d only depended on yields for my stock picks, I would have been one of the unlucky investors holding Leggett and Platt shares before the company got delisted from the S&P 500 and went on to cut its dividends by a massive 89%.
