(NYSE: VZ) has one of the highest dividend yields in the S 500 at over 6.5%. That puts it several times above the index's level of 1.3%. The concern is that a high dividend yield often signals that the payout is at a higher risk of reduction.

However, that's not the case for the telecom stock's dividend. It's on an increasingly sustainable foundation, which has been on full display this year. Here's a look at the factors driving this view.

Verizon recently reported its second-quarter results. The telecom giant delivered accelerated wireless service revenue growth and double-digit broadband subscriber growth. That helped nudge up its total revenue by 0.6% while its adjusted EBITDA rose 2.8%.

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Source Fool.com