Founded in 1901 (but with roots going back to 1849), Walgreens Boots Alliance (WBA) is one of the world’s largest pharmacy retailers and drug distributors, operating over 18,000 pharmacy stores around the world. Following its 2014 merger with European pharmacy giants Boots, Walgreens changed its name to Walgreens Boots Alliance and became the largest retail pharmacy, health, and daily living destination across the U.S. and Europe. The company operates a portfolio of retail and business brands, including Walgreens, Duane Reade, and Boots stores, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP, and Botanics. Besides its retail stores, Walgreens owns distribution centers that deliver drugs to pharmacies, doctors, health [...]

Enterprise Products Partners (EPD) is one of North America's largest midstream master limited partnerships, with approximately 50,000 miles of natural gas, natural gas liquids (NGL), crude oil, refined products, and petrochemical pipelines. The company also owns a number of storage facilities, processing plants, and terminals. Enterprise’s network of assets helps move different types of energy and fuel from one location to another for upstream exploration and production (E&P) companies. Enterprise makes most of its money from fees it charges E&P customers for its transportation and storage services.

General Motors (GM) was founded in 1897 in Detroit, Michigan, and is one of the largest carmakers in the world. The company sold 8.4 million vehicles globally in 2018, earning 8.9% global market share and 16.7% share of its core U.S. market. General Motors has embarked on a multi-year strategy to redesign and expand its truck and crossover portfolio, which is more profitable and growing faster than passenger cars. On a retail basis, close to 80% of GM's U.S. sales are now pickup trucks and crossovers, and management plans to significantly reduce the number of sedans it sells in the U.S. going forward.

Campbell Soup (CPB) has had a "Borderline Safe" Dividend Safety Score since closing its $6.1 billion acquisition of snack company Snyder's-Lance in March 2018. While this deal improved Campbell's diversification and overall growth profile, it also resulted in a significant spike in the company's financial leverage. Source: Simply Safe Dividends These situations will almost always put a company's dividend safety profile in our "Borderline" risk category. High leverage reduces a company's margin for error, and cutting the dividend is an easy lever to pull in order to strengthen the balance sheet. Campbell's use of leverage especially raised the stakes since the company's organic sales growth remains weak. The firm's namesake soup business in the U.S. continues losing market share to [...]