I Hate This Company's Products...

But the dividend is a different story. [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED ["We're Just Getting Warmed Up!" - Oxford Club CEO]( [Todd]( Oxford Club VIP research services have racked up BIG WINS to start 2024, including... 127% on Insmed, 275% on CyberArk, 410% on CrowdStrike and 118% on Semrush. The longest hold time on any of those plays was only four months! And now, the Club's CEO is doing something special to try to ensure you don't miss out on the next big winner. [See what he's got up his sleeve for you here. (Lots at stake!)]( [SAFETY NET]( [I Hate This Company's Products... but Not Its Dividend]( [Marc Lichtenfeld, Chief Income Strategist, The Oxford Club]( [Marc Lichtenfeld]( Corebridge Financial (NYSE: CRBG) sells two of my least favorite financial products: life insurance and annuities. I have no problem with term life insurance. Many families need it in order to protect their loved ones. But other types of life insurance that are set up as investments are too costly. I've [written extensively about the subject]( here in Wealthy Retirement. And in my book [You Don't Have to Drive an Uber in Retirement]( the chapter on annuities is titled "The Worst Investment You Can Make." So I'm no fan of these products. But annuities and life insurance are cash cows for the companies that sell them. Corebridge uses some of that cash to pay a $0.23 per share quarterly dividend, which comes out to a 3.8% yield. Last year, the company also paid out an additional $1.78 in special dividends. Can it keep peddling its annuities and insurance policies hard enough to maintain its quarterly dividend? SPONSORED [Former Construction Worker Who LOST $15,000...]( [Construction Worker]( [Then Turned $37,000 Into $2.7 Million in 4 Years... Now Reveals His Latest Strategy]( Research shows that this new strategy found top gains that could have turned $1,000 into as much as $27,140 in just 10 days... if only you'd known about it! [Click here to discover his secret.]( Corebridge wasn't publicly traded until September 2022, so it doesn't have a long track record, but we still have plenty of data points we can use. Since Corebridge is an insurance company, we use net investment income to measure cash flow. The company collects premiums and fees, invests the money, makes payouts to customers when necessary, and keeps the difference. That difference is its net investment income. Wall Street does not have any net investment income estimates, but over the 12 months ending in September (results from the fourth quarter of 2023 have not been released yet), the company's net investment income totaled $9.6 billion. That's up significantly from $8.8 billion in the 2022 calendar year. Results for all of 2023 should be released in mid-February, and I fully expect 2023's numbers to be much higher than 2022's. But even if the numbers are higher, that doesn't automatically mean Corebridge will be able to afford its dividend. Let's take a look at the final piece of the puzzle: the all-important payout ratio... [Reveal My Grade Here]( [The Oxford Club's Wealth, Wine and Wander Tour of Spain - Barcelona, Granada, Seville and Madrid, June 6-16, 2024 (plus special extension through June 21)]( BUILD AND PROTECT YOUR WEALTH ["My First Impression Was 'You've GOT to Be KIDDING Me!'" - Bill O'Reilly]( [Creating Something Out of Nothing]( [One of Marc's Readers Made Nearly $100,000 on This Type of Investment When It Skyrocketed 907% in Just 10 Months. Another Made $1.3 Million! 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