This 5.8% Yield SEEMS Safe...

You don't see this every day! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

AN OXFORD CLUB PUBLICATION

View in browser SPONSORED Legendary Investor Paul Tudor Jones Predicts "Violent Death" for Putin   Source: Wikimedia Commons   Few people know this, but Putin just made the single biggest mistake of his life. It's not invading Ukraine... but it could have a profound effect on world markets. A market expert breaks down the opportunity here. SAFETY NET 3M's Dividend Might Not Be as Safe as It Seems Marc Lichtenfeld, Chief Income Strategist, The Oxford Club It's not often in this column that we come across a dividend that looks very safe based on the Safety Net model but actually has some significant concerns. But that's the case with 3M Company (NYSE: MMM). Boasting over 68,000 patents, 3M makes thousands of products in 25 categories, such as power cable connectors, labels and lubricants. Before we get to my concerns, let's discuss the company's financials and why the dividend is rated so highly. Free cash flow rose significantly from $3.8 billion in 2022 to $5.1 billion last year, though it's still below 2020 and 2021 levels of $6.6 billion and $5.8 billion, respectively. Of its $5.1 billion in free cash flow last year, 3M paid out $3.3 billion in dividends for a 66% payout ratio. This year, free cash flow is forecast to rise to $5.3 billion and the total dividends paid should increase by roughly $100 million, which would drop the payout ratio to 65%. View larger image   SPONSORED 3M has also raised its dividend every year since 1958. Since Major League Baseball's Opening Day is tomorrow, let's put that into a baseball perspective. In 1958, the Yankees - led by Yogi Berra and Mickey Mantle - surged back from a 3-1 deficit to defeat Hank Aaron's Milwaukee Braves in seven games and win their 18th World Series title. So the company has a stellar dividend-raising track record, not to mention a strong yield of 5.8% at current prices. Looking at the financials, 3M can easily afford that dividend... Or can it? There are a couple of issues that call the dividend into question. Find Out My Top 2 Concerns BUILD AND PROTECT YOUR WEALTH Whatever You Do, DON'T Invest in the Wrong AI Companies. A Reality Check on What True Wealth Is Expert Predicts Gold, Oil, Copper About to Soar Higher... Discover Why We're in a New Commodities Supercycle Right Here. The (Unsure) Future of Rate Cuts MORE FROM WEALTHY RETIREMENT 3M's Dividend Might Not Be as Safe as It Seems What the Fed Missed at Its Latest Meeting How the Presidential Election Could Affect Your Portfolio Ride the Wave of Momentum Stocks Facebook LinkedIn Email Share Push Alert SPONSORED Claim Your FREE Ultimate Dividend Package Today, you can claim the Ultimate Dividend Package... For FREE. (No credit card required!) Inside, Marc Lichtenfeld - bestselling author of Get Rich with Dividends and world-renowned income expert - is giving away his top five dividend picks. Click here to get the names and ticker symbols of the top dividend stocks in the market! You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. Privacy Policy | Whitelist Wealthy Retirement | Unsubscribe © 2024 The Oxford Club, LLC All Rights Reserved The Oxford Club | 105 West Monument Street | Baltimore, MD 21201 North America: 877.808.9795 | International: +1.443.353.4621 Oxfordclub.com Nothing published by The Oxford Club should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, LLC, 105 West Monument Street, Baltimore, MD 21201.