The (Almost) Unforgivable Sin

Will falling free cash flow end this drug giant's streak? [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [Upcoming Supply Shortages... "Worse Than Ukraine"]( [Apple Store on Fire]( If China succeeds in [this new evil plot](... we would almost surely see shortages in America that would be "worse than Ukraine"... With new cars... phones... appliances... pacemakers... and military equipment becoming virtually impossible to obtain. Even The New York Times admits that we'd see a "grinding halt to the electronic supply chains that make the modern world run." A top global financial insider just exposed all the details of China's sinister plan... And [the #1 thing you should be doing]( with your assets before it's too late. [SEE THE DETAILS]( [SAFETY NET]( [The (Almost) Unforgivable Sin]( [Marc Lichtenfeld, Chief Income Strategist, The Oxford Club]( [Marc Lichtenfeld]( Bristol Myers Squibb (NYSE: BMY) is a $100 billion market cap pharmaceutical company that has raised its dividend every year since 2010 and has paid one since 1933. The stock currently yields 4.5%. But can it continue to pay its $0.57 per share quarterly dividend despite an expected decline in its free cash flow next year? Bristol Myers Squibb has 35 approved drugs, including well-known names like blood thinner Eliquis and cancer fighters Opdivo and Revlimid. This year, revenue and earnings are forecast to dip, though free cash flow is projected to grow considerably from 2022's total. However, next year, while earnings are expected to recover, free cash flow will drop, according to Wall Street analysts. [Chart: The (Almost) Unforgivable Sin: Falling Free Cash Flow]( In the Safety Net model, there is no sin bigger than falling cash flow. SPONSORED [BREAKING: Tiny Biotech Successfully Treats Blindness]( There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return. [Get the Details Here ]( However, the drug giant's other numbers are very solid. The company will likely pay out about $4.6 billion in dividends this year, which is just 30% of its expected free cash flow. Next year's predicted $4.8 billion in dividend payouts should result in a payout ratio of just 33%. With all of this in mind, how do you feel about the company's ability to pay its dividend? Is a decline in free cash flow a deal-breaker for you? Let me know how you'd grade Bristol Myers Squibb's dividend safety in the [comments section]( on the next page, and then scroll up to reveal my grade. [REVEAL MY GRADE]( [Investment U Conference 2024 at the Ojai Valley Inn & Spa in Ojai, California, February 26-29, 2024]( RECOMMENDED LINKS [Wall Street PROJECTS $30 Energy Stock Will Rise to $280 in 18 Months!]( [Discover the $12 Energy Company Paying a Nearly DOUBLE-DIGIT Yield That Just STUNNED Investors With Plans to Increase It Much Higher]( MORE FROM WEALTHY RETIREMENT [Image of a newspaper headline that says "stock market crash"]( [Why We Won't See a Stock Market Crash Anytime Soon]( [Image of the Roberto Clemente Health Clinic provides clean water to school children]( [Charitable Giving: Giving Back This Holiday Season]( [Image of the words ]( [3 Retail Stocks Set for a "Black Friday Boost"]( [Image of A family giving thanks before their Thanksgiving dinner ]( [Financial Lessons to Be Thankful For]( [Facebook]( [Facebook]( [LinkedIn logo]( [LinkedIn]( [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0AWill falling free cash flow end this drug giant%27s streak?%0D%0A%0D [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0AWill falling free cash flow end this drug giant%27s streak?%0D%0A%0D [Push Alert]( [Push Alert]( SPONSORED [PROOF: New One Ticker (Weekly) Payouts]( [Calendar; January - June]( A multimillionaire stock trader's research explains how focusing on just one ticker every week has generated payouts up to a rare 2,614% in under 11 days... 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