10 Not Sustainable Dividend Stocks

10 Dangerous Dividends to Avoid By Fool. Today's current low-interest-rate environment has made income-producing stocks all the rage. And while we certainly support looking at income producers in general, maintaining a "guilty until proven innocent" approach in assessing dividend stocks will save the average investor from a lot of future heartache. In that vein, I want to highlight 10 stocks from the industrial arena that investors should approach with extreme caution.

The companies below all pay out more than three-quarters of their reported net income in the form of dividends. And while this can mean many things, investors everywhere need to look at such figures with a healthy dose of skepticism.

Company	Dividend Yield	Payout Ratio
Harsco (NYSE: HSC  )	3.60%	362.60%
Baltic Trading Limited	8%	296%
Universal Forest Products (Nasdaq: UFPI  )	1.30%	234.10%
Standard Register	7%	182.50%
R.R. Donnelley & Sons (Nasdaq: RRD  )	7%	170.10%
Douglas Dynamics (NYSE: PLOW  )	5.60%	155.80%
HNI (NYSE: HNI  )	4.50%	128.20%
Briggs & Stratton (NYSE: BGG  )	2.70%	91.70%
Pitney Bowes (NYSE: PBI  )	7.40%	88.70%
Alexander & Baldwin (NYSE: ALEX  )	3%	76%

Related Stock Ticker:
HSC, UFPI, RRD, PLOW, HNI, BGG, PBI, ALEX

Source: Fool.com