The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor/analyst Austin Smith discusses topics around the investing world.

In today's edition, Austin discusses one high-paying dividend stock that he thinks will bankrupt investors. It has an impressive yield and a low P/E, but they're both tethered to a dying business. And without a real catalyst for growth or massive strategic shift, the stock isn't worth the brokerage fee you'd pay to own it.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Bank of America, Google, and United Parcel Service. Motley Fool newsletter services recommend Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.