Marc Lichtenfeld, Wealthy Retirement, Author at Daily Trade Alert

This High-Yield Stock’s Dividend Isn’t Safe

Despite the low payout ratio, it has made two dividend cuts and recently had a decline in free cash flow.

The dividend is now more than double what it was before the financial crisis in 2008 and 2009 and I expect an increase later this year.

The company’s recent history is a big warning sign.

Financial stress takes its toll on our relationships and our physical and mental health. Relieving that stress should be a priority.

The company has plenty of cash flow to not only pay the dividend, but also raise it for a 16th consecutive year.