Ma Bell has some tricks up her sleeve...‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

SPONSORED New Law Threatens to Reduce IRAs and 401(k)s by One-Third. Details Here. Editor's Note: Here at Wealthy Retirement, we're gearing up for next Wednesday's virtual Super Trader Rally at 1 p.m. ET. This summit features our good friend Andy Snyder (founder of Manward Press) and Julia Guth (CEO and Executive Publisher of The Oxford Club, Wealthy Retirement's publisher). You see, Andy believes that even in today's digital-first world, individual and small-budget investors have the ability to put Wall Street giants to shame... Especially when they use this special quant investing technique... In a rigorous three-phase test, Andy's strategy produced a 93% win rate with average gains of 138%... And it all took less than one month. <<Click here to learn how you can put his strategy to work - regardless of whether you're a new trader or a market veteran.>> Then, read on below as Chief Income Strategist Marc Lichtenfeld takes the pulse of a telecommunications giant to determine whether shareholders can rely on its generous 6.7% payout. - Mable Buchanan, Assistant Managing Editor SAFETY NET Will AT&T Cut Its Dividend? Marc Lichtenfeld, Chief Income Strategist, The Oxford Club AT&T (NYSE: T) shares have not participated in the broad market rally since stocks bottomed earlier this year. That's not too surprising considering that many people still think of AT&T as a phone company. While much of AT&T's business is still focused on phone service, the old "Ma Bell" is now also a content company. It owns HBO, Warner Bros. Entertainment, CNN and other programming giants. This lack of participation in the market's run higher, along with a juicy $0.52 per share quarterly dividend, give the stock a 6.9% dividend yield - the likes of which, in this market, tend to be reserved for riskier master limited partnerships and real estate investment trusts. Can investors continue to rely on AT&T's nearly 7% yield? After several years in a row of free cash flow growth, AT&T's cash flow is forecast to take a step backward this year by nearly $2 billion. SafetyNet Pro does not like declines in free cash flow. What Is SafetyNet Pro? SafetyNet Pro is a groundbreaking tool that predicts dividend cuts with stunning accuracy. With it, you can determine the dividend safety rating of nearly 1,000 stocks. Access to SafetyNet Pro is reserved exclusively for subscribers of Marc's newsletter, The Oxford Income Letter. To learn more about SafetyNet Pro and The Oxford Income Letter, click here now.   Last year, AT&T paid shareholders $14.9 billion in dividends for a 58% payout ratio. This year, the payout ratio will likely tick higher to 62%. Under normal circumstances, those payout ratios would be well within my comfort zone. However, these are not normal days... SPONSORED The #1 Tech Stock to Buy During the Coronavirus Crash It's a key player in a market that's positioned to grow 1,513% in four years. Its customers include Roku, DirecTV, BBC, Marvel Entertainment, Cigna, Tencent and many others. It has exposure to 5G, the Internet of Things, cloud computing and numerous other sectors pegged to explode in the near future. And it's the leading provider of a powerful type of technology that could prove ESSENTIAL in the chaotic weeks ahead. Details revealed here... We're in a pandemic, and business is not as usual. As a result, I have tightened my payout ratio parameters to make SafetyNet Pro more conservative. I'd rather be too cautious with a dividend safety rating than get caught unaware when a dividend gets cut. My previous threshold for a safe payout ratio was 75%. Anything above that received a penalty in the SafetyNet Pro rating. Today, that limit is down to 50%. As a result, AT&T gets dinged twice, once for last year's payout ratio being more than 50% and another for this year's payout ratio. That said, AT&T is significantly lowering its debt and is committed to its dividend, which has been raised every year since AT&T spun off all of its Baby Bells 36 years ago. I believe this is a case where SafetyNet Pro is being a little too cautious... The safety rating suggests a moderate risk of a dividend cut. However, considering management's commitment to the dividend, and considering that while the payout ratio is above the new COVID-19 boundary, it's still below the normal threshold, I suspect AT&T's dividend is fairly safe. Dividend Safety Rating: C Good investing, Marc P.S. Have you saved your spot in next Wednesday's Super Trader Rally? More than 10,000 investors have already registered for free... and you can bet I'll be tuning in. Click here to join us. MORE FROM WEALTHY RETIREMENT Why You Need a Little Real Estate How to Ensure Your Dividends Are Safe Why It Pays to Look on the Bright Side SPONSORED Virginia Stock-Picking Millionaire Breaks No. 1 Rule of Investing... He bought Apple 22 years ago... Amazon 13 years ago... and Netflix more than a decade ago. Now one of the world's greatest stock pickers is breaking the No. 1 rule of investing... and targeting a $3 stock that trades under a secret name. See him explain his crazy approach live on stage here. 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