Marc Lichtenfeld, Wealthy Retirement, Author at Daily Trade Alert

This Stock’s 60+ Year Dividend Streak Looks Secure

In uncertain times, it’s comforting to have something as certain as this.

The company simply cannot afford its dividend. In short, it pays out nearly $10 billion more in dividends than it generates in free cash flow.

I don’t suspect a dividend cut is imminent. However, if things change, it’ll likely be reduced.

It’s been cut eight times in the past nine years and continues to be in jeopardy.

It pays a hefty yield now, but a few years of good behavior doesn’t mean all is forgotten.