Wall Street was wrong about this one... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

AN OXFORD CLUB PUBLICATION

View in browser SPONSORED ⚠️ ATTENTION ⚠️ Backtests Show Oxford Club Members Could Have Received an Additional $73,721 Thanks to This Secret Income Strategy. Details Here. SAFETY NET An Investing Legend Redeems Himself Marc Lichtenfeld, Chief Income Strategist, The Oxford Club In early 2021, Safety Net rated Icahn Enterprises (Nasdaq: IEP) an "F" for dividend safety. In other words, a dividend cut was projected for the investment company run and majority owned by legendary investor Carl Icahn. The issue was that Icahn Enterprises had not been profitable and Wall Street projected that 2021's net income would be puny. The Safety Net model includes analyst estimates in its calculation. But the analysts were way off. Instead of an $81 million profit that was the consensus estimate at the time, Icahn Enterprises earned a whopping $11 billion in 2021. This year, that number is forecast to rise to $14 billion before dipping back to $12.1 billion in 2023. In 2022, Icahn Enterprises will likely pay out $2.7 billion in dividends, which is just 19% of its profits. Next year, that figure is forecast to rise to $3.05 billion, giving it a payout ratio of 25%. That is quite low and makes me comfortable that Icahn Enterprises can easily afford its dividend. SPONSORED Five Dividend Stocks to Buy Now (FREE INSIDE) Marc Lichtenfeld - income expert and author of Get Rich with Dividends - is giving away his Ultimate Dividend Package... Completely free of charge! Seriously, no credit card required. Inside, you'll get the names and ticker symbols of his TOP FIVE dividend stocks right now, including... An "A"-rated, ultra-safe dividend stock with a huge 8% yield Three of Marc's favorite "Extreme Dividend" stocks, which could supercharge your income And finally, his No. 1 dividend stock for a LIFETIME of income. Click here before the download link expires. Strong Recent Dividend History Icahn Enterprises has paid investors $2 per share every quarter since March 2019. It has also raised its dividend three times since 2013. Prior to that, the company reduced the dividend in 2011, but that dividend cut has aged out and has been forgiven by the Safety Net algorithm. (The model accounts for dividend cuts only within the last 10 years.) So for the past decade, the company has had a solid dividend-paying track record. Earnings should be very strong this year. And even if the analysts get it wrong by half next year, Icahn Enterprises should easily sustain its dividend. Dividend Safety Rating: B If you have a stock whose dividend safety you'd like me to analyze, leave the ticker in the comments section. I hope everyone has a great Christmas. Good investing, Marc Leave a Comment RECOMMENDED LINKS This FREE Package Reveals Stocks That Pay You CASH Oxford Club CEO Julia Guth here. I'm pleased to report that you've qualified for our "Investors' Relief Program." Details here. >>> MORE FROM WEALTHY RETIREMENT Why I'm Buying Bonds in 2023 A 99.92% Success Rate This Natural Gas Producer Is Swimming in Cash Can This 9.7% Yielder Possibly Be Safe? Facebook Twitter Email Share Push Alert SPONSORED "IMPERIUM": The #1 Investment of the 2020s Could the technology behind this odd-looking machine really be the most transformative innovation in history? Experts are screaming "YES"! Elon Musk calls it "amazing..." A former Apple CEO says "[it will] have a far bigger impact on humanity than the Internet"... While a Harvard Ph.D. says it will "[surpass] the space, atomic, and electronic revolutions in its significance." It's a technology I call "Imperium." And it's about to spark the biggest investment mega trend in history... with one small Silicon Valley company at the center of it all. Want the details? Then click here now... 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