Today, I’m going to warn you about five stocks with yields of 7% or more that should be avoided at all costs . They are my next “dividend disaster” candidates that are likely to either reduce their payouts, or lose 20% or more in price, or both. Big current yields have nothing to do with safety. Consider these year-to-date performances from high-yielding companies that started 2017 with juicy yields, but at some point cut or suspended their dividends: Windstream: Yielded 7.5%, lost 75% Mattel: Yielded 5.5%, lost 45% GNC: Yielded 7%, lost 26% I warned you to sell Mattel late last year , before its dividend cut.… Read more