If you are an income investor looking at gold stocks you might be tempted to buy Wheaton Precious Metals (NYSE:WPM), a gold and silver streaming company with a relatively high yield. It’s not a bad stock to own, but it may not be the best dividend stock for your portfolio if you don’t understand a few important basics. Here’s what you need to know before you buy Wheaton for its peer-beating dividend yield.
What Wheaton does
The first thing to understand is that Wheaton Precious Metals is not a miner. It is a streaming company. That means it provides cash up....More>>>