Stocks paying high dividends that are safe and ones that are not, according to Bank of America

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High dividend stocks can be a good way to earn income in the face of market volatility, but not all dividends are necessarily safe.

Dividend stocks can be a good way to earn income amid market volatility, but not all dividends are necessarily safe. Investors tend to turn to dividend-paying equities during times of economic uncertainty. While the bond market has been rewarding investors with high yields lately, they're expected to eventually decline as the Federal Reserve wraps up its rate-hiking cycle. However, dividends also aren't guaranteed. Some companies may cut their payouts if times get too difficult.

The Baltimore-based asset manager recently reported an earnings beat, with adjusted third-quarter earnings per share coming in at $2.17 for the third quarter. Analysts polled by StreetAccount were expecting $1.78. Revenue also topped expectations. Shares are down about 11% year to date. Meanwhile, here are highly-leveraged companies with potentially stretched dividends. KeyCorp tops the BofA list with an estimated net debt to equity ratio of 2.6. FactSet pegs its latest yield at 7.1%.

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