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Exxon’s Dividend Safety Score Downgraded from Very Safe to Safe on Energy Headwinds, Capex Plans

Exxon Mobil's (XOM) dividend yield sits just above 5%, its highest level in nearly 30 years. The energy giant's dividend continues to look secure thanks to its strong balance sheet, but Exxon's high spending on growth projects, coupled with today's challenging energy market, will likely put more pressure on the firm's cash flow in the short to medium term. As a result, we are downgrading Exxon's Dividend Safety Score from Very Safe to Safe. I plan to continue holding our shares of Exxon in our Conservative Retirees portfolio and believe the company's dividend remains attractive for income investors.

October 23rd, 2019|

Boeing’s Dividend Safety Score Downgraded to Borderline Safe on Growing 737 MAX Uncertainty

Boeing (BA) shares have slumped nearly 13% over the last week, driven by a report released by Reuters on Friday that surfaced new concerns about the aircraft manufacturer's safety practices and oversight. Specifically, Reuters uncovered internal messages between two Boeing pilots stating that the 737 MAX's flight-control system acted up during a 2016 testing simulation, less than a year before the plane was certified for commercial service.

October 22nd, 2019|

Johnson & Johnson’s Dividend Continues Looking Safe After Latest Baby Powder, Opioid News

Shares of Johnson & Johnson (JNJ) fell 6.2% last Friday following news that the company recalled some of its baby powder in response to a U.S. Food and Drug Administration (FDA) test indicating the presence of very minor levels of asbestos. As we've previously discussed, the company faces more than 15,000 lawsuits related to claims that its talc-based products such as baby powder caused cancer due to the asbestos they contained. Johnson & Johnson has adamantly denied these allegations. If the FDA's single-bottle test checks out to be valid (could be a counterfeit product since it was purchased from an online retailer, possible cross-contamination risk in the sample, no asbestos was found by the FDA last month, etc.), then this recall deals a [...]

October 21st, 2019|

Energy Transfer’s Distribution Looks Supported, But Management’s Past Actions Weigh on Investor Sentiment

Energy Transfer LP (ET) units have drifted about 10% lower over the past month, causing some investors to question the safety of ET's 9.7% dividend yield. Aside from the price of oil slipping lower, which has weighed on the energy sector, the only recent news out on Energy Transfer is its planned $5 billion acquisition of midstream company SemGroup, announced on September 16.

October 17th, 2019|
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