Start spreadin' the news...

Can this 6% yield be trusted? [Wealthy Retirement]( SPONSORED [[NEW] Matthew Carr's Big Prediction]( [MC Striped Tie]( "I made this video because I see a MASSIVE paradigm shift taking place in the next few weeks, and I want to make sure our readers are prepared for it," says Matthew. This shift could help save 1 million lives a year, bulletproof our economy against another $8 trillion financial crisis and create BILLIONS in new wealth. Matthew's going live with a big prediction that could change your financial future forever. [See Matthew's prediction right here.]( [SAFETY NET]( Start Spreadin' the News - Is This 6% Yield Leaving Today? Marc Lichtenfeld, Chief Income Strategist, The Oxford Club [Marc Lichtenfeld] In a time where businesses large and small are giving up their office spaces, you might think a company that boasts it's "New York City's largest owner of office real estate" would be in a world of trouble. If that's the case, SL Green Realty (NYSE: SLG) is certainly not acting like it. The real estate investment trust ([REIT]( not only [raised its dividend]( in December by 3% to $3.64 per share annually (SL Green pays $0.30 per share monthly) but also paid a $1.70 per share special dividend. Additionally, it added $500 million to its stock buyback program, increasing it to $3.5 billion. So is SL Green one of Gotham's elite, or is it posturing like a poser waiting in line to get into one of [New York's hottest clubs]( Let's get beyond the velvet rope and find out... SL Green holds interests in 93 Manhattan buildings totaling 40.6 million square feet. These days, it seems as if tumbleweeds are blowing through the concrete canyons of New York. Yet SL Green expects same-store net operating income to decline by only 1.5% to 2.5%. Wall Street forecasts funds from operations (FFO), the measure of cash flow used by REITs, to drop to $508 million in 2020 from $605 million in 2019. However, last month, management guided to $7.10 per share in FFO on 79 million shares outstanding for 2020, which equals $561 million. SPONSORED [America Is on Its Knees]( [Statue of Liberty with Mask]( Bankruptcies are soaring. Unemployment is out of control. Millions could lose their homes. But a former government insider is ready to issue an URGENT warning about this [devastating economic event]( that will be worse than the Great Recession and the Great Depression. There are [five steps you must take today]( if you want to protect your family and your wealth. See the details [HERE](. In 2021, management's guidance is FFO of $6.30 to $6.70 per share on 70.6 million shares outstanding. That comes out to $459 million in FFO. In 2019, SL Green paid out $306 million in dividends for a [payout ratio]( of 51%. The payout ratio will likely stay the same for 2020. In 2021, I estimate that SL Green will pay out about $277 million in dividends as the share count is reduced. If management's guidance is accurate, the payout ratio will be about 60%, which still leaves plenty of room to pay and raise the dividend. [Chart - SL Green's Payout Ratio]( The payout ratio is the percentage of cash flow that is paid out in dividends. A Decade of Dividend Raises SL Green cut its dividend in 2010. But unlike an ex-spouse, SafetyNet Pro forgives mistakes made more than 10 years ago. What Is SafetyNet Pro?SafetyNet Pro is a groundbreaking tool that predicts dividend cuts with stunning accuracy. With it, you can determine the dividend safety rating of nearly 1,000 stocks. Access to SafetyNet Pro is reserved exclusively for subscribers of Marc's newsletter, [The Oxford Income Letter](. Since then, SL Green has been a model dividend payer, boosting the payout to shareholders every year. Despite the economic disaster in New York City, SL Green looks like it's in pretty solid shape to continue to pay the dividend to its investors in 2021. Dividend Safety Rating: B [Dividend Grade Guide] If you have a stock whose dividend you'd like me to analyze, leave the ticker symbol in the [comments]( section. You can also use the search bar below to see if I've written about your favorite stock recently. Just type in the company name to get started. 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