A stock with a high dividend yield can be enticing, but it's important you ensure the dividend is backed by a steady, even rising, payout and is sustainable to avoid the risk of falling into value traps that high-yield stocks can sometimes turn out to be. Despite a solid 5.5% yield that's backed by growing dividends, W.P. Carey (NYSE: WPC) is an underrated stock. Investors in W.P. Carey were worried about how the company will ride out the COVID-19 pandemic storm as it brought commercial activity to a grinding halt.