Danger Lurks for These 3 High-Dividend Stocks

ExxonMobil (NYSE: XOM), Archrock (NYSE: AROC), and ONEOK (NYSE: OKE) are all enticing right now because their dividends yield close to 10%, but that has more to do with their falling share prices than their dividend policy. ExxonMobil, a Dividend Aristocrat that has raised its annual dividend payout for 37 consecutive years, has become a value trap. The company's stock is down more than 50% year to date, sending the yield of its dividend soaring to above 10%, a level that will be hard to sustain for the oil giant, particularly based on its payout ratio of 154.67%, trailing 12 months (TTM).