A "good" dividend yield typically ranges between 2% and 6%, aligning closely with or moderately exceeding the average dividend yield of broader market indices like the S&P 500. However, evaluating a dividend requires examining corporate payout ratios, balance sheet health, and cash flow sustainability. An unusually high dividend yield exceeding 8% or 10% can occasionally serve as a warning sign indicating potential financial distress, declining share values, or an impending dividend reduction by the issuing corporation.