As a leading equity income specialist, we asked Plato’s Peter Gardner if the big four banks and Telstra could be dividend traps, and if they still deserved a spot in an income portfolio today given the swathe of structural issues they face.
While Peter acknowledged their significant headwinds and lack of growth, he also made the point that the yield that these stocks still pay is still high. When asked about dividend traps, he nominated a well-known stock that is just about hanging on to its ASX50 status, and while at it, Peter also put an entire sector on watch. Watch below for the full story.
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