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5 Dividend Stocks That Disappointed in 2013

Halted and slashed dividends make these income issues ones to avoid in 2014

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Nokia (NOK)

dividend-stocks-nokia-nok-stockFinnish mobile phone manufacturer Nokia (NOK) hung up on income investors in January, with the company dumping its dividend for the first time in more than two decades.

Nokia did manage to have a good year in terms of profits in 2013, and NOK stock has also performed very well, jumping more than 90% this year.

However, Nokia isn’t the same company anymore, having dumped its handset business onto Microsoft (MSFT). And again, it’s no longer a dividend play.

If you’re looking for an income-producing dividend stock to fill the void, consider the classic pure plays AT&T (T) and Verizon (VZ).

Article printed from InvestorPlace Media, http://investorplace.com/2013/12/dividend-stocks-disappointed/.

©2017 InvestorPlace Media, LLC