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Don't fall for 'yield traps,' buy these 'secure' dividend stocks instead, Bank of America says

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New for subscribers: Don't fall for 'yield traps,' buy these 'secure' dividend stocks instead, Bank of America says Check out CNBCPro and get your first 7 days free.

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"We have recommended that investors target safe, not just high, dividend yield – since before companies cut their dividends, yields tend to skyrocket," Bank of America equity and quant strategist Savita Subramanian told clients.

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