Marc Lichtenfeld, Wealthy Retirement, Author at Daily Trade Alert

This Dividend Aristocrat’s 33-Year Streak Could Be in Jeopardy

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.

Expect a reduction in the next 12 months.

Now that the stock has fallen due to the global economic shutdown, I believe it’s a screaming bargain.

Six weeks ago, the figures would have been well within my comfort zone. But the world was very different six weeks ago.