Note: This article is part of Morningstar's Guide to Dividend and Income Investing special report.
It's never a good idea to buy a stock without considering multiple valuation metrics and understanding how the business works. But it can be particularly perilous to buy a stock with a very high yield without investigating how safe that dividend is.
Karen Wallace, CFP® does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.