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So far Matt at Simply Safe Dividends has created 264 blog entries.

AT&T’s Rebased Dividend Supported by Stronger Balance Sheet, Improved Business Mix

AT&T's long-anticipated dividend reduction became official last week as the telecommunications giant reduced its payout by 47%, in line with management's previous guidance. With the firm's rebased dividend in place, we are upgrading AT&T's Dividend Safety Score to Safe. This reflects the company's improved financial position and more defensive business mix. Going forward, AT&T's dividend will consume roughly [...]

March 29th, 2022|Uncategorized|

PPL’s Adjusted Dividend Sets Foundation for Reliable Long-term Growth

Earlier this year, PPL cut its dividend by around 50%, an expected move following the firm's divesture of its U.K.-based utility operations that previously generated roughly half the company's earnings.This payout reduction better aligned the dividend with the company's remaining operations in Pennsylvania and Kentucky and to a much more comfortable level that can support [...]

March 21st, 2022|Uncategorized|

Philip Morris’s Dividend Expected to Remain Safe Despite Disruptions in Russia and Ukraine

Shares of Philip Morris International have slumped 15% since Russia invaded Ukraine on February 24. Unlike most companies headquartered in America, Philip Morris has meaningful ties to Russia and Ukraine. Russia accounted for 6% of the firm's 2021 net revenues, and Ukraine added another 2%. These countries also played a key role in Philip Morris's [...]

March 10th, 2022|Uncategorized|

CVS’s Deleveraging Efforts Improve Dividend Outlook

This year, CVS Health raised its dividend by 10% after keeping the payout frozen for five years as the company prioritized deleveraging efforts, following the sizable 2018 acquisition of health insurer Aetna.With leverage reduced to pre-acquisition levels, CVS now intends to keep raising the annual payout in line with earnings growth. This plan implies the [...]

March 10th, 2022|Uncategorized|

Public Storage’s Outlook Suggests Dividend Growth Ahead

The nation's largest self-storage REIT, Public Storage, has kept its dividend frozen since 2017 despite having the balance sheet and cash flow to support increasing payouts.Given Public Storage's strong financial health, many investors question why dividend growth has remained elusive in recent years – especially when considering REITs are required to distribute at least 90% [...]

March 7th, 2022|Uncategorized|

Tenant Struggles Continue, Magnifying Concern for Omega’s Dividend Coverage Outlook

Despite a broad economic recovery, the struggles of skilled nursing facilities (SNFs) amplified by the pandemic continue to loom large.With SNFs accounting for nearly 80% of Omega's portfolio, not much has improved since our note last August. Dividend coverage remains stretched as SNF operators, the REITs tenants, continue to struggle with reduced occupancy rates and labor [...]

February 25th, 2022|Uncategorized|

Intel’s Turnaround Plan Carries Risk But Dividend Continues to Look Sustainable

Intel on February 17 hosted an analyst day to provide more details on its turnaround strategy, which seeks to restore the chip maker's technological leadership position while also building a foundry business to manufacture semiconductors for others. Expanding existing production and constructing new fabs, or chip factories, will require substantial capital investment. For example, Intel expects to [...]

February 23rd, 2022|Uncategorized|

Magellan’s Distribution Remains Well Covered But Energy Transition Uncertainty Weighs on Sentiment

While many energy stocks have experienced a strong recovery from pandemic lows, midstream providers have struggled to keep up. This underperformance has even included industry leaders like Magellan, which trades with an attractive dividend yield of over 8%.The market's failure to reward Magellan triggers questions about what risks have kept hesitant investors at bay.To be [...]

February 22nd, 2022|Uncategorized|

Lumen’s Substantial Fiber Investment Plans Keep Pressure on Dividend

Lumen's stock has slumped more than 20% since reporting earnings on February 9, pushing its dividend yield north of 10%.Formerly known as CenturyLink, the telecom provider issued disappointing 2022 guidance, which caused some investors to worry about Lumen's plan to ramp spending on fiber delivered to consumers and small businesses. Management's big bet on fiber [...]

February 18th, 2022|Uncategorized|

Enterprise’s Distribution Remains Well Covered Despite Lower Production

When the pandemic struck in the spring of 2020, and much of the developed world began sheltering in place, demand for fuel quickly evaporated, leading to tumbling oil prices that turned negative for the first time in history.This sudden and drastic hit to the energy market was short-lived following a quick economic rebound. After being [...]

February 15th, 2022|Uncategorized|

3M’s Dividend Growth Likely to Remain Subdued as PFAS, Earplug Liabilities Develop

3M on Monday provided 2022 financial guidance and a strategic update on its sprawling businesses. The industrial conglomerate's presentation contained few surprises or shifts in strategy. But management did not offer many updates on the biggest issue looming over 3M: legal liabilities tied to the firm's legacy PFAS chemicals and military earplugs. 3M manufactured PFAS from the [...]

February 15th, 2022|Uncategorized|

Clorox’s Dividend and Long-term Outlook Appear Intact Despite Inflationary Headwinds

Clorox shares were hammered Friday, down nearly 15%, following an earnings report that fell short of analyst expectations.In 2020, the maker of disinfecting wipes and bleach was an early pandemic darling whose stock price soared as demand for sanitization products exceeded supply.Management had predicted this pandemic-induced spike in demand would persist as part of the [...]

February 4th, 2022|Uncategorized|

AT&T Elects Spin-off Structure for Media Separation, Reveals Post-Close Dividend in Line With Expectations

On Tuesday, AT&T provided an update on its plan to separate and combine WarnerMedia with Discovery. Most notably, AT&T elected to structure the separation as a spin-off rather than a so-called exchange offer. This surprised some investors since management seemed to be leaning towards an exchange offer up until last week. An exchange offer would have allowed [...]

February 1st, 2022|Uncategorized|

Vector to Maintain Dividend Following Real Estate Spin-off But Balance Sheet Remains Weak

Discount cigarette maker Vector Group recently announced plans to spin off most of the firm's real estate businesses, including one of the nation's largest brokerage firms, Douglas Elliman.Once the separation takes place on December 29, the real estate business will continue as Douglas Elliman (DOUG) and trade on the NYSE. As part of the transaction, investors [...]

December 21st, 2021|Uncategorized|

3M’s Food Safety Divestiture Has No Impact on Dividend

3M this week announced plans to separate its food safety business through a tax-friendly combination with Neogen (NEOG), a company specializing in food and animal safety.While this transaction has garnered media attention, food safety only accounts for about 1% of 3M's net sales and will have minimal impact on the firm's overall earnings and payout ratio.Given the [...]

December 17th, 2021|Uncategorized|