Looking for Gold Dividends? Think Twice Before Jumping Into Wheaton Precious Metals

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.