Marc Lichtenfeld, Wealthy Retirement, Author at Daily Trade Alert

This Stock Yields 9.5% and is Rated “A” for Dividend Safety

Its distribution should be safe for the time being.

I’m not expecting a cut… however, the company could reduce the distribution by half and it would still have a very attractive yield of nearly 8%.

In short, it has a high debt load and its cash flow doesn’t cover the dividend.

While I don’t necessarily expect a dividend cut this year, if free cash flow doesn’t rebound in 2021, it’s three-decade plus streak could be over.

It’s a Dividend Aristocrat, but in this new environment, it can’t be considered as safe as it was just a few months ago.