Is Verizon's 6.6% Dividend Yield Sustainable?

Verizon Communications (VZ 0.43%) shares currently yield roughly 6.6%. Investors are often attracted to high-yield stocks for their income potential. However, high dividend yields can sometimes be a sign that the dividend is not safe because market participants often anticipate a cut to the payout in advance.Recent examples of high-profile companies that have slashed their dividends include Verizon peer AT&T (NYSE: T), which cut its payout nearly in half in 2022, and Walgreens Boots Alliance, which recently ...