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

In today's edition, Austin highlights some seemingly excellent dividends that just don't pay for shareholders to own. The takeaway here is that while a yield can be great, it's only as good as the company that backs it. That's just one reason a high dividend stock can actually bankrupt you.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.