Let's take a deeper look... [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [Larry Kudlow: "If You're Worried About Inflation, Do THIS Now!"]( [If You're Worried About Inflation]( Two Ph.D. professors say one approach could create a "never-ending income stream." [Larry Kudlow investigates here.]( [SAFETY NET]( [Is This 2.5% Yielder Still a Golden Goose?]( [Brittan Gibbons-O'Neill, Research Analyst, The Oxford Club]( [Brittan Gibbons-O'Neill]( Dividend Aristocrats - or companies that have consistently raised their dividends for 25 years or more - are almost guaranteed safe havens for dividend investors. But we always want to take a deeper dive to make sure their payouts are actually secure. Aflac Inc. (NYSE: AFL) is a $40 billion insurance company and a 2.5%-yielding Dividend Aristocrat that has upped its dividend for the last 39 years. Businesses use Aflac to offer employees high-quality benefits. Aflac provides not only regular dental and vision insurance but also insurance for cancer and other life-altering health events. Like many other companies, Aflac saw a slump after 2020 due to many employees losing their jobs... and therefore their benefits. Free cash flow has been steadily declining, notably dropping from around $6 billion in 2020 to $5 billion in 2021. SPONSORED [Stop Losing and Hit a Win a Day? (See Their INSANE Guarantee!)]( [Raining Money]( Even in volatile markets, YOU CAN HIT A WIN EVERY DAY! How? It's about winning when stocks go up... or down. One community has seen the chance to get at least one win per day... for an insane [75.6% win rate](... this year alone! And now you can join them for a guarantee that won't last long... [Here's How to Get a GUARANTEE of 322 Winning Recommendations This Year (Click Here Now)]( And in 2022, the business is still finding its footing. Free cash flow is currently expected to come in at $4.49 billion in 2023 - a far cry from the $6 billion posted in 2020. But not all is doom and gloom for this Dividend Aristocrat. Like I pointed out, Aflac has consistently raised its dividend for over three decades, including the last few chaotic years. [Chart: Aflac's Annual Dividend per Share]( On another note, Aflac is estimated to have a payout ratio of only 21% this year. And last year, its payout ratio was a mere 17%. As a reminder, Safety Net prefers a payout ratio of 75% or lower. Aflac's low payout ratio leaves the company with not only plenty of room to grow its dividend but also time to get its free cash flow back on track. Still, if Aflac can't get free cash flow moving in the right direction, it may go after its dividend first. All in all, Aflac is keeping its margins so wide that we won't have to worry too much about a cut. But the dividend safety is worth keeping an eye on. Dividend Safety Rating: C [Dividend Grade Guide]( If you have a stock whose dividend safety you'd like analyzed, leave the ticker symbol in the [comments]( section. You can also check to see whether we've written about your favorite stock recently. Just click on the magnifying glass in the upper right corner of the [Wealthy Retirement homepage]( and type the company's name in the box. Good investing, Brittan [Leave a Comment]( RECOMMENDED LINKS [Discover Why "XRI" Could Very Well Be the Biggest Tech Revolution Since the Internet...]( [Yours Free! Top FIVE Dividend Stocks Right Now]( MORE FROM WEALTHY RETIREMENT [Daughter Going Off to College]( [Three Tips to Reach Your Long-Term Financial Goals]( [Investor Holding Piggy Bank]( [Smart Long-Term Investors Have a Game Plan]( [Crocs Hanging in Store]( [This Company Is No Croc]( [Startup Concept]( [A Booming New Market?]( [Facebook](
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