Bapcor (ASX:BAP), Australasia’s leading provider of automotive aftermarket parts, screens with a high indicated dividend yield around 12%, but the most important fact for income investors is that the company has scrapped its 2026 interim dividend amid rising debt and a more cautious capital-management stance. As with several high-yield names, the headline figure is backward-looking, while the forward reality is a dividend that has just been cut. That reframes the entire sustainability question.

A screened yield based on past payments can be highly misleading when a company has recently decided not to pay. The real questions for Bapcor are why the interim dividend was scrapped, what the…