Did This 6.6% Yielder Earn an Upgrade?

Safety Net says... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

AN OXFORD CLUB PUBLICATION

View in browser SPONSORED Yours Free! Top FIVE Dividend Stocks Right Now Marc Lichtenfeld - income expert and author of Get Rich with Dividends - is giving away his Ultimate Dividend Package... completely free of charge! You'll discover... 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, Marc's No. 1 dividend stock for a LIFETIME of income. Click here to get the names and ticker symbols now... before the download link expires. **NO CREDIT CARD REQUIRED!** SAFETY NET Did Verizon Earn an Upgrade? Marc Lichtenfeld, Chief Income Strategist, The Oxford Club A little over a year ago, I gave telecom giant Verizon (NYSE: VZ) a "C" grade for dividend safety due to declining free cash flow and a payout ratio that was just above my 75% threshold. But I concluded my evaluation by saying, "I won't be surprised if next year at this time, Verizon's dividend safety rating has been upgraded." The stock currently pays a $0.665 quarterly dividend, which equates to a 6.6% yield. Let's see whether the company earned the expected upgrade. Importantly, free cash flow came in higher than projected in 2023. Last May, the company's free cash flow was forecast to be $16.9 billion for the year. It actually came in at $18.7 billion, which shrunk the payout ratio from above 75% to a very comfortable 59%. SPONSORED WATCH NOW: Multimillionaire Trader Wows Thousands With "One Ticker Payouts" Demonstration Research found that smart investors could have made top gains of... 443% in 11 days 89% in 11 days 543% in nine days 88% in seven days. All by trading just one ticker every week! Sound preposterous? SEE THE PROOF HERE That gave the company lots of room to raise the dividend, as it has done every year since 2007. View larger image   However, that free cash flow figure was still lower than it was three years ago, and it's expected to be $18.7 billion again this year. That's problematic. We want to see cash flow growing, not remaining stagnant - and certainly not declining. There was also some recent news that affirmed my thoughts on where Verizon is headed. Here's my outlook for the company and its dividend... Finish Reading Here BUILD AND PROTECT YOUR WEALTH Discover the Top Passive Income Opportunity for 2024... Your Personalized Path to Financial Freedom Top Trader Reveals "One Ticker Payouts": One Ticker... One Trade... Every Week! A Career Change Pays Dividends MORE FROM WEALTHY RETIREMENT Is the Stock Market in a Correction? How Much Should Retirees Invest in Stocks? Beat the Market by Following Biotech Insiders Prospect Capital's 13.2% Yield Is Hard to Trust Facebook LinkedIn Email Share Push Alert SPONSORED Yours Free! 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