Author: Marc Lichtenfeld, Wealthy Retirement

Considering its strong free cash flow and low payout ratio, it’s hard to imagine a distribution cut in the next 12 months.

Answer these questions honestly…

There’s a class of investments that have gotten beaten up along with nearly every other asset class — with one major difference: These investments not only will recover their value, but also will earn a profit. It’s dictated by law.

I believe it could fall to $150 in the next 12-24 months.

Given its low payout ratio and rising cash flow — and its dozen consecutive annual increases — the company’s dividend is safe.