Author: Marc Lichtenfeld, Wealthy Retirement

Conventional analysis suggests the dividend should be safe for the immediate future — but a couple of corporate actions may prove otherwise after that…

In short, the company generates mountains of cash flow — much more than is needed to pay the dividend.

The final 2021 cash available for distribution number could have a big impact on the dividend safety rating a year from now. In the meantime, over the next 12 months, the distribution looks fairly safe.

With demand soaring and a pickup in inflation imminent, energy could be one of the leading sectors in the stock market. Make sure you’re positioned accordingly.

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