We've all been there, looking at a stock's high dividend yield and envisioning it dumping money into our account for years and years. The allure of having some of life's financial pressures lessened is hard to deny. But free lunches are rare, and if you buy a dividend stock with a stratospheric yield, there's a good chance you'll be paying for it later, perhaps when it cuts its payout.

On that note, there are a pair of popular high-yield dividend stocks that are doubtlessly tempting many people right now. Neither is a good choice. Follow along and I'll discuss why.

Walgreens Boots Alliance (NASDAQ: WBA) is a stock that probably won't fulfill your dividend-investing dreams. The pharmacy chain's forward yield is above 9%, and over the last 20 years its payment rose by more than 1,010%. Don't expect that pace of growth to continue, however.

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Source Fool.com