A high-yielding dividend stock can certainly be enticing, especially if it's paying 7% or more. On a $25,000 investment, that would mean $1,750 in annual dividend income. However, investors need to be careful with dividends because payments are never guaranteed. If a business struggles and profits decline, management could cut or eliminate a dividend for the sake of conserving cash.

Two stocks with high yields I wouldn't take a chance on today are Sabra Health Care REIT (NASDAQ: SBRA) and Innovative Industrial Properties (NYSE: IIPR). Let's see why.

Sabra should, theoretically, be a relatively safe income stock to hold. It is a real estate investment trust (REIT) that focuses on the healthcare industry, collecting rent from more than 400 properties in its portfolio, including skilled nursing and transitional care facilities, senior housing, specialty hospitals, and behavioral health facilities. These don't stand out as terribly risky tenants.

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Source Fool.com