This Dividend Aristocrat Is in Trouble

Is Target's dividend cooked? [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( 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.]( [SAFETY NET]( [This Household Name's Cash Flow Is Plunging... Is Its Dividend Next?]( [Marc Lichtenfeld, Chief Income Strategist, The Oxford Club]( [Marc Lichtenfeld]( Shares of Target Corp. (NYSE: TGT) lost half their value between November 2021 and June 2022. Target took more punishment than most stocks during the bear market because it overestimated consumer demand. That meant the retail giant had excess inventory and had to lower its financial guidance. The lower price has lifted the dividend yield, so [long-term dividend investors]( may now be considering the stock due to its 2.5% yield. But is the [dividend safe]( or will Target's misfires result in a dividend cut? The following chart is not the kind you want to see when looking at a company's free cash flow. [Target's Free Cash Flow]( Target's free cash flow is forecast to get just about halved next year, going from $5.1 billion in 2022 to $2.7 billion in 2023. If that does happen, Target's free cash flow will have made a round trip, going from $2.5 billion in 2019 to a peak of $7.9 billion in 2021, before falling back below $3 billion in 2023. However, the situation is not dire. SPONSORED [AN EXASPERATED BILL O'REILLY BEGS HIS GUEST TO REVEAL...]( [What's In the Box?]( It's been hailed as "the biggest healthcare innovation in half a century." Inc. magazine says it "will change healthcare forever." [This invention]( may even save YOUR life and millions of lives in the future. To Discover Exactly What's in the Box... [CLICK HERE NOW](. The payout ratio in 2022 will be around 30%. Even with the drastic decline in free cash flow expected in 2023, the payout ratio is projected to then be 64%, which is still within my comfort zone. A big positive for Target's [dividend safety]( grade is the fact that the company has raised its [dividend]( every year for 55 years. That is an exceptionally long track record that management will not want to disrupt. The falling free cash flow is concerning, but as of now, Target's [more than five-decade history of raising its dividend]( plus its current low payout ratio, means that the [dividend won't be in jeopardy anytime soon](. Dividend Safety Rating: B [Dividend Grade Guide]( If Target shares aren't up to your standards as a dividend investor, [look no further than my FREE Ultimate Dividend Package to reveal FIVE of my best dividend stocks](. These dividend gushers are the perfect combo to shore up your retirement and set you up on the path to financial independence. [Check out my Ultimate Dividend Package here.]( And 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 in the company's name in the box. Good investing, Marc [Leave a Comment]( RECOMMENDED LINKS [He Found THAT in His Neck??]( [The Gift That Keeps On Giving: DIVIDENDS. 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