A dividend cut looks all but guaranteed... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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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!** − FROM THE DESK OF CHIEF INCOME STRATEGIST MARC LICHTENFELD − Before we get to this week's Safety Net, I'd like to briefly address the presidential election and some other upcoming news. The market ripped higher this morning due to Donald Trump's victory. Bond yields spiked as well. We'll also receive the Fed's latest decision on interest rates tomorrow afternoon. It is expected that the central bank will lower rates by 25 basis points, or a quarter of a percentage point. There are a lot of factors to take into account in trying to determine which way the market will move going forward. You shouldn't put too much weight on today's action. The market is likely blowing off a lot of worry about a number of things, including Vice President Kamala Harris' plan to raise corporate taxes if she had been elected and the possibility of a protracted election in which no winner was declared. The best thing you can do during volatile times like this is to sit back and wait for things to settle down. It's usually not a good idea to react when the market has a big move on a news event, as there is potential for whipsaws. One positive for dividend investors is that lower corporate taxes should mean that companies' free cash flow will increase, which will help them pay and hopefully raise their dividends. As always, Wealthy Retirement will continue to keep you apprised of the latest news and how it could affect your portfolio, so keep an eye on your inbox in the weeks and months ahead. SAFETY NET The Ship Has Sailed for This 15% Yielder's Dividend Marc Lichtenfeld, Chief Income Strategist, The Oxford Club In 2021, I compared Nordic American Tankers (NYSE: NAT) to a crazy friend who you could either have the time of your life with or could get you arrested. The problem with the shipping company's dividend safety was that its dividend and free cash flow were as consistent as a contractor's estimate for when your kitchen will be finished. Since 2021, some things have improved. Free cash flow turned positive in 2022, grew in 2023, and is expected to nearly double this year. View larger image   However, there's still a big problem: Last year, the company paid out 136% of its free cash flow in dividends. In other words, it could not afford the dividend it paid to shareholders. This year, Nordic American Tankers is forecast to pay shareholders 77% of its free cash flow, which is a big improvement over 136% but still a little too high. Generally, I like to see payout ratios below 75% in order to feel comfortable that the company could afford its dividend even if cash flow were to come in below expectations or fall the following year. SPONSORED Discover the Hidden Gold Play Wall Street Is Ignoring While everyone is chasing gold at $2,500 per ounce, there's a little-known investment that gives you exposure to over 1 oz of gold — for less than $20. And the best part? It has outperformed gold by 10-to-1 over the past 25 years. Click here now to seize this opportunity before the next surge. Then there's the issue of the dividend. In each of the past three quarters, the company has paid out $0.12 per share, which comes out to a tasty 15% yield on the stock's current price. But over the long term, the dividend is all over the place, like the demands of a tired 3-year-old. View larger image   To be fair, Nordic American Tankers' management team isn't schizophrenic when it comes to the dividend. The company simply has a variable policy that states that the dividend is based on the previous quarter's net operating cash flow. A company with a variable dividend always has a high risk of a dividend cut. In this case, that policy means any decline in cash flow will result in a lower dividend for the following quarter. Now that I've covered some of the key metrics we look at in Safety Net, I want to hear from you. Considering the full picture - from the company's free cash flow growth to its variable dividend structure to its improving-but-still-high payout ratio - what grade would you give Nordic American Tankers' dividend? Click one of the buttons below, and then you'll be able to finish reading and see my grade. A B C D F BUILD AND PROTECT YOUR WEALTH Tired of watching your investments barely move while inflation eats away your savings? Learn how Shah Gilani's "Profit Stacking" could turn 5% stock moves into 100%+ gains within 60 days. New challenge starting Thursday. Only 100 spots available. My Favorite Little-Known Trading Tool Top SIX AI Dividend Stocks Right Now How "Radical Responsibility" Creates Financial Freedom MORE FROM WEALTHY RETIREMENT The "Little Things" Matter in Investing (and in Baseball, Too) Macy's Is Making Progress... Is It Back in "Buy" Territory? What Most People Don't Understand About Trading Stocks AbbVie's Dividend Isn't as Scary as It Looks Facebook LinkedIn Email Share Push Alert SPONSORED Top Stock Forecaster: "Buy These Stocks Before Trump Takes Office" Weekly Fox Business guest who accurately predicted President's Trump's first Stockwave says the Dow could skyrocket to 75,000 with Trump back in office. The last time he was in office, stocks rose as much as 3,480%... See what stocks could surge this time: Click here to see the details. You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. Privacy Policy | Whitelist Wealthy Retirement | Unsubscribe © 2024 The Oxford Club, LLC All Rights Reserved The Oxford Club | 105 West Monument Street | Baltimore, MD 21201 North America: 877.808.9795 | International: +1.443.353.4621 Oxfordclub.com Nothing published by The Oxford Club should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. 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