3 High-dividend ASX Shares That Are TRAPS: Expert

Motley Fool2022-03-17

With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings ...

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Comment（5）

Fatmantis26
·2022-04-13
Thanks for the info, was just about to buy into AGL shares but will research more now.
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SanWangtikup
·2022-03-17
[Smile]
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小虎一飞冲天
·2022-03-17
Like pls
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Vincent1968
·2022-03-17
Ok
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Looyusooi
·2022-03-17
Ok
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href=https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings ...</p>\n\n<a href=\"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MFG.AU","symbol_name":"MAGELLAN FINANCIAL GROUP LTD","start_time":0,"source_url":"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/","article_id":"1190680446","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190680446","pubTimestamp":1647482024,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley 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yields.However, an income fund manager has warned investors to not fall prey to dividend “traps”.When a 15% return is not as good as it soundsPlato Investment Management senior portfolio manager Dr Peter Gardner took Magellan Financial Group Ltd(ASX: MFG)as a prime example in the current market.The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.“That’s a dividend trap that we think investors should be wary of.”Magellan shares closed Wednesday at $14.40.Dividends cut already, but more potentially comingTwo other traps Gardner pointed out were AGL Energy Limited(ASX: AGL)and Lendlease Group(ASX: LLC).At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.“We had forecast AGL especially as a strong dividend cut candidate,” he said.“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”Similarly, LendLease is now down to 0.5%.And to rub salt into the wound, both ASX shares provide zero franking credits.“We think those continue to remain dividend traps.”AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9080071556,"gmtCreate":1649824804788,"gmtModify":1676534584864,"author":{"id":"4112491851354582","authorId":"4112491851354582","name":"Fatmantis26","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4112491851354582","authorIdStr":"4112491851354582"},"htmlText":"Thanks for the info, was just about to buy into AGL shares but will research more now.","listText":"Thanks for the info, was just about to buy into AGL shares but will research more now.","text":"Thanks for the info, was just about to buy into AGL shares but will research more now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080071556","repostId":1190680446,"repostType":2,"repost":{"id":"1190680446","kind":"news","pubTimestamp":1647482024,"share":"https://ttm.financial/m/news/1190680446?lang=&edition=fundamental","pubTime":"2022-03-17 09:53","market":"other","language":"en","title":"3 High-dividend ASX Shares That Are TRAPS: Expert","url":"https://stock-news.laohu8.com/highlight/detail?id=1190680446","media":"Motley Fool","summary":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices","content":"<html><head></head><body><p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.</p><p>Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.</p><p>Combine that with the <b>S&amp;P/ASX 200 Index</b>(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.</p><p>However, an income fund manager has warned investors to not fall prey to dividend “traps”.</p><p>When a 15% return is not as good as it sounds</p><p>Plato Investment Management senior portfolio manager Dr Peter Gardner took <b>Magellan Financial Group Ltd</b>(ASX: MFG)as a prime example in the current market.</p><p>The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.</p><p>“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.</p><p>“That’s a dividend trap that we think investors should be wary of.”</p><p>Magellan shares closed Wednesday at $14.40.</p><p>Dividends cut already, but more potentially coming</p><p>Two other traps Gardner pointed out were <b>AGL Energy Limited</b>(ASX: AGL)and <b>Lendlease Group</b>(ASX: LLC).</p><p>At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.</p><p>But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.</p><p>“We had forecast AGL especially as a strong dividend cut candidate,” he said.</p><p>“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”</p><p>Similarly, LendLease is now down to 0.5%.</p><p>And to rub salt into the wound, both ASX shares provide zero franking credits.</p><p>“We think those continue to remain dividend traps.”</p><p>AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-dividend ASX Shares That Are TRAPS: Expert</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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*/\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-dividend ASX Shares That Are TRAPS: Expert\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings ...</p>\n\n<a href=\"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AGL.AU":"AGL ENERGY LTD","MFG.AU":"MAGELLAN FINANCIAL GROUP LTD","LLC.AU":"LENDLEASE GROUP"},"source_url":"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190680446","content_text":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.Combine that with the S&P/ASX 200 Index(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.However, an income fund manager has warned investors to not fall prey to dividend “traps”.When a 15% return is not as good as it soundsPlato Investment Management senior portfolio manager Dr Peter Gardner took Magellan Financial Group Ltd(ASX: MFG)as a prime example in the current market.The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.“That’s a dividend trap that we think investors should be wary of.”Magellan shares closed Wednesday at $14.40.Dividends cut already, but more potentially comingTwo other traps Gardner pointed out were AGL Energy Limited(ASX: AGL)and Lendlease Group(ASX: LLC).At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.“We had forecast AGL especially as a strong dividend cut candidate,” he said.“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”Similarly, LendLease is now down to 0.5%.And to rub salt into the wound, both ASX shares provide zero franking credits.“We think those continue to remain dividend traps.”AGL shares finished Wednesday at $7.21, while LendLease finished the session at 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sounds</p><p>Plato Investment Management senior portfolio manager Dr Peter Gardner took <b>Magellan Financial Group Ltd</b>(ASX: MFG)as a prime example in the current market.</p><p>The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.</p><p>“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.</p><p>“That’s a dividend trap that we think investors should be wary of.”</p><p>Magellan shares closed Wednesday at $14.40.</p><p>Dividends cut already, but more potentially coming</p><p>Two other traps Gardner pointed out were <b>AGL Energy Limited</b>(ASX: AGL)and <b>Lendlease Group</b>(ASX: LLC).</p><p>At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.</p><p>But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.</p><p>“We had forecast AGL especially as a strong dividend cut candidate,” he said.</p><p>“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”</p><p>Similarly, LendLease is now down to 0.5%.</p><p>And to rub salt into the wound, both ASX shares provide zero franking credits.</p><p>“We think those continue to remain dividend traps.”</p><p>AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-dividend ASX Shares That Are TRAPS: Expert</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ 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.h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-dividend ASX Shares That Are TRAPS: Expert\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings ...</p>\n\n<a href=\"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AGL.AU":"AGL ENERGY LTD","MFG.AU":"MAGELLAN FINANCIAL GROUP LTD","LLC.AU":"LENDLEASE GROUP"},"source_url":"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190680446","content_text":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.Combine that with the S&P/ASX 200 Index(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.However, an income fund manager has warned investors to not fall prey to dividend “traps”.When a 15% return is not as good as it soundsPlato Investment Management senior portfolio manager Dr Peter Gardner took Magellan Financial Group Ltd(ASX: MFG)as a prime example in the current market.The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.“That’s a dividend trap that we think investors should be wary of.”Magellan shares closed Wednesday at $14.40.Dividends cut already, but more potentially comingTwo other traps Gardner pointed out were AGL Energy Limited(ASX: AGL)and Lendlease Group(ASX: LLC).At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.“We had forecast AGL especially as a strong dividend cut candidate,” he said.“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”Similarly, LendLease is now down to 0.5%.And to rub salt into the wound, both ASX shares provide zero franking credits.“We think those continue to remain dividend traps.”AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035984102,"gmtCreate":1647485937590,"gmtModify":1676534236528,"author":{"id":"3582098623642517","authorId":"3582098623642517","name":"小虎一飞冲天","avatar":"https://static.tigerbbs.com/1a55a61195830e019abf5d3cc69681b9","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3582098623642517","authorIdStr":"3582098623642517"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035984102","repostId":1190680446,"repostType":4,"repost":{"id":"1190680446","kind":"news","pubTimestamp":1647482024,"share":"https://ttm.financial/m/news/1190680446?lang=&edition=fundamental","pubTime":"2022-03-17 09:53","market":"other","language":"en","title":"3 High-dividend ASX Shares That Are TRAPS: Expert","url":"https://stock-news.laohu8.com/highlight/detail?id=1190680446","media":"Motley Fool","summary":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices","content":"<html><head></head><body><p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.</p><p>Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.</p><p>Combine that with the <b>S&amp;P/ASX 200 Index</b>(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.</p><p>However, an income fund manager has warned investors to not fall prey to dividend “traps”.</p><p>When a 15% return is not as good as it sounds</p><p>Plato Investment Management senior portfolio manager Dr Peter Gardner took <b>Magellan Financial Group Ltd</b>(ASX: MFG)as a prime example in the current market.</p><p>The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.</p><p>“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.</p><p>“That’s a dividend trap that we think investors should be wary of.”</p><p>Magellan shares closed Wednesday at $14.40.</p><p>Dividends cut already, but more potentially coming</p><p>Two other traps Gardner pointed out were <b>AGL Energy Limited</b>(ASX: AGL)and <b>Lendlease Group</b>(ASX: LLC).</p><p>At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.</p><p>But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.</p><p>“We had forecast AGL especially as a strong dividend cut candidate,” he said.</p><p>“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”</p><p>Similarly, LendLease is now down to 0.5%.</p><p>And to rub salt into the wound, both ASX shares provide zero franking credits.</p><p>“We think those continue to remain dividend traps.”</p><p>AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-dividend ASX Shares That Are TRAPS: Expert</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-dividend ASX Shares That Are TRAPS: Expert\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings ...</p>\n\n<a href=\"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AGL.AU":"AGL ENERGY LTD","MFG.AU":"MAGELLAN FINANCIAL GROUP LTD","LLC.AU":"LENDLEASE GROUP"},"source_url":"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190680446","content_text":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.Combine that with the S&P/ASX 200 Index(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.However, an income fund manager has warned investors to not fall prey to dividend “traps”.When a 15% return is not as good as it soundsPlato Investment Management senior portfolio manager Dr Peter Gardner took Magellan Financial Group Ltd(ASX: MFG)as a prime example in the current market.The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.“That’s a dividend trap that we think investors should be wary of.”Magellan shares closed Wednesday at $14.40.Dividends cut already, but more potentially comingTwo other traps Gardner pointed out were AGL Energy Limited(ASX: AGL)and Lendlease Group(ASX: LLC).At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.“We had forecast AGL especially as a strong dividend cut candidate,” he said.“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”Similarly, LendLease is now down to 0.5%.And to rub salt into the wound, both ASX shares provide zero franking credits.“We think those continue to remain dividend traps.”AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035985941,"gmtCreate":1647485729339,"gmtModify":1676534236504,"author":{"id":"3586393315819735","authorId":"3586393315819735","name":"Vincent1968","avatar":"https://community-static.tradeup.com/news/7f106edb1e06baf3c68462c050422f46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586393315819735","authorIdStr":"3586393315819735"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035985941","repostId":1190680446,"repostType":4,"repost":{"id":"1190680446","kind":"news","pubTimestamp":1647482024,"share":"https://ttm.financial/m/news/1190680446?lang=&edition=fundamental","pubTime":"2022-03-17 09:53","market":"other","language":"en","title":"3 High-dividend ASX Shares That Are TRAPS: Expert","url":"https://stock-news.laohu8.com/highlight/detail?id=1190680446","media":"Motley Fool","summary":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices","content":"<html><head></head><body><p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.</p><p>Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.</p><p>Combine that with the <b>S&amp;P/ASX 200 Index</b>(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.</p><p>However, an income fund manager has warned investors to not fall prey to dividend “traps”.</p><p>When a 15% return is not as good as it sounds</p><p>Plato Investment Management senior portfolio manager Dr Peter Gardner took <b>Magellan Financial Group Ltd</b>(ASX: MFG)as a prime example in the current market.</p><p>The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.</p><p>“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.</p><p>“That’s a dividend trap that we think investors should be wary of.”</p><p>Magellan shares closed Wednesday at $14.40.</p><p>Dividends cut already, but more potentially coming</p><p>Two other traps Gardner pointed out were <b>AGL Energy Limited</b>(ASX: AGL)and <b>Lendlease Group</b>(ASX: LLC).</p><p>At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.</p><p>But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.</p><p>“We had forecast AGL especially as a strong dividend cut candidate,” he said.</p><p>“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”</p><p>Similarly, LendLease is now down to 0.5%.</p><p>And to rub salt into the wound, both ASX shares provide zero franking credits.</p><p>“We think those continue to remain dividend traps.”</p><p>AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-dividend ASX Shares That Are TRAPS: Expert</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-dividend ASX Shares That Are TRAPS: Expert\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings ...</p>\n\n<a href=\"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AGL.AU":"AGL ENERGY LTD","MFG.AU":"MAGELLAN FINANCIAL GROUP LTD","LLC.AU":"LENDLEASE GROUP"},"source_url":"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190680446","content_text":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.Combine that with the S&P/ASX 200 Index(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.However, an income fund manager has warned investors to not fall prey to dividend “traps”.When a 15% return is not as good as it soundsPlato Investment Management senior portfolio manager Dr Peter Gardner took Magellan Financial Group Ltd(ASX: MFG)as a prime example in the current market.The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.“That’s a dividend trap that we think investors should be wary of.”Magellan shares closed Wednesday at $14.40.Dividends cut already, but more potentially comingTwo other traps Gardner pointed out were AGL Energy Limited(ASX: AGL)and Lendlease Group(ASX: LLC).At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.“We had forecast AGL especially as a strong dividend cut candidate,” he said.“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”Similarly, LendLease is now down to 0.5%.And to rub salt into the wound, both ASX shares provide zero franking credits.“We think those continue to remain dividend traps.”AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035980465,"gmtCreate":1647484455165,"gmtModify":1676534236360,"author":{"id":"4100437715079400","authorId":"4100437715079400","name":"Looyusooi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4100437715079400","authorIdStr":"4100437715079400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035980465","repostId":1190680446,"repostType":4,"repost":{"id":"1190680446","kind":"news","pubTimestamp":1647482024,"share":"https://ttm.financial/m/news/1190680446?lang=&edition=fundamental","pubTime":"2022-03-17 09:53","market":"other","language":"en","title":"3 High-dividend ASX Shares That Are TRAPS: Expert","url":"https://stock-news.laohu8.com/highlight/detail?id=1190680446","media":"Motley Fool","summary":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices","content":"<html><head></head><body><p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.</p><p>Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.</p><p>Combine that with the <b>S&amp;P/ASX 200 Index</b>(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.</p><p>However, an income fund manager has warned investors to not fall prey to dividend “traps”.</p><p>When a 15% return is not as good as it sounds</p><p>Plato Investment Management senior portfolio manager Dr Peter Gardner took <b>Magellan Financial Group Ltd</b>(ASX: MFG)as a prime example in the current market.</p><p>The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.</p><p>“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.</p><p>“That’s a dividend trap that we think investors should be wary of.”</p><p>Magellan shares closed Wednesday at $14.40.</p><p>Dividends cut already, but more potentially coming</p><p>Two other traps Gardner pointed out were <b>AGL Energy Limited</b>(ASX: AGL)and <b>Lendlease Group</b>(ASX: LLC).</p><p>At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.</p><p>But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.</p><p>“We had forecast AGL especially as a strong dividend cut candidate,” he said.</p><p>“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”</p><p>Similarly, LendLease is now down to 0.5%.</p><p>And to rub salt into the wound, both ASX shares provide zero franking credits.</p><p>“We think those continue to remain dividend traps.”</p><p>AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-dividend ASX Shares That Are TRAPS: Expert</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-dividend ASX Shares That Are TRAPS: Expert\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings ...</p>\n\n<a href=\"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AGL.AU":"AGL ENERGY LTD","MFG.AU":"MAGELLAN FINANCIAL GROUP LTD","LLC.AU":"LENDLEASE GROUP"},"source_url":"https://www.fool.com.au/2022/03/17/3-high-dividend-asx-shares-that-are-traps-expert/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190680446","content_text":"With all the calamity in the world — a war in Europe, rising interest rates, skyrocketing oil prices — dividend ASX shares have really come back into vogue.Growth shares that rely on future earnings have been heavily dumped in favour of more stable and profitable companies that return earnings to shareholders via dividends or buybacks.Combine that with the S&P/ASX 200 Index(ASX: XJO)dropping almost 4% for the year, and there are many stocks out there now paying stunningly high yields.However, an income fund manager has warned investors to not fall prey to dividend “traps”.When a 15% return is not as good as it soundsPlato Investment Management senior portfolio manager Dr Peter Gardner took Magellan Financial Group Ltd(ASX: MFG)as a prime example in the current market.The dividend yield for the fund manager now sits at an outrageous 15.34%, according to Google Finance, after its share price halved since 17 December.“We think their ability to earn fee revenue and performance fee revenue, given their performance hasn’t been great over the last year… their dividend going forward is likely to be cut in the next result,” he told a client webinar.“That’s a dividend trap that we think investors should be wary of.”Magellan shares closed Wednesday at $14.40.Dividends cut already, but more potentially comingTwo other traps Gardner pointed out were AGL Energy Limited(ASX: AGL)and Lendlease Group(ASX: LLC).At the end of last year, AGL had a yield of 10.6% and LendLease gave out 2.7%.But such high starting points meant brutal cuts came along during reporting season, according to Gardner, and it might not be the end of it.“We had forecast AGL especially as a strong dividend cut candidate,” he said.“When they announced a significant cut in their dividends, the actual dividend received was 2.6%.”Similarly, LendLease is now down to 0.5%.And to rub salt into the wound, both ASX shares provide zero franking credits.“We think those continue to remain dividend traps.”AGL shares finished Wednesday at $7.21, while LendLease finished the session at $10.62.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":74,"commentSize":5,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}