5 High-Yield Dividend Stocks That Aren't Value Traps

High dividend yields can be a sign of opportunity or danger. The key to distinguishing between genuine bargains and value traps lies in cash flow sustainability, payout ratios, and the quality of the underlying business.

These five companies offer yields above 4% with strong coverage ratios, growing free cash flow, and manageable debt levels — characteristics that suggest the dividends are safe and potentially set to grow.