Six ultra-high-yield stocks show warning signs of dividend cuts amid weak coverage and rising risks.

Six popular high-yield stocks, including Icahn Enterprises and Arbor Realty Trust, are signaling potential dividend cuts due to weak coverage metrics like distributable earnings and rising credit risks. Despite attractive yields, many payouts are not fully covered by earnings or cash flow, with some companies relying on asset sales or issuing new shares to maintain dividends. Investors should be cautious and verify coverage before chasing high yields, as these signals often precede dividend reductions and share price declines.