Author: Marc Lichtenfeld, Wealthy Retirement

With more than a decade and a half of dividend increases, management has shown that it takes its dividend seriously.

I don’t suspect the dividend is in immediate danger, but if oil prices sink and free cash flow reverses lower, it’s quite possible that management will reduce the dividend to preserve capital.

I don’t expect to make it to 107, but I haven’t expected a lot of things in my life. I better get prepared.

However, once the calendar turns and the 2022 numbers are no longer included, it should see an upgrade in its safety rating.

Sticking to a few simple rules can vastly grow your wealth and reduce your financial stress in a meaningful way.