When a stock’s dividend yield is approaching or exceeding double-digits, it’s only natural for investors to feel intrigued. With an indicated dividend yield of approximately 9.5%, chemical stock LyondellBasell Industries (NYSE: LYB) is an interesting name worth evaluating.
While this very high-yielding stock looks enticing, names like this come with key risks to consider. Often, dividend yields become so high simply because a company’s stock price has fallen precipitously. Thus, high yields can indicate that a company’s underlying business is struggling.
