A 16% Yield?!

This generous payout may not last...‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

SPONSORED Not a Recession... Not a Depression... THIS Is a Devastation America is about to face a devastating economic crisis. It will be worse than the Great Recession... and even the Great Depression. But a former government insider is revealing the five steps you MUST take to protect yourself today. You CAN be the hero your family will need... GO HERE to discover how. SAFETY NET Why You Should Beware This 16% Yield Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Among investors, Antero Midstream (NYSE: AM) is a relatively unknown gas pipeline company servicing Pennsylvania, Ohio and West Virginia. Investors who seek sky-high yields are aware of the stock, however, thanks to its 16.2% yield. It's difficult to analyze the dividend safety of this company because it does not have a long history in its current form. Though the company got its start in 1998, it has undergone many major transitions along the way. The most recent was in March of last year when the parent company acquired all of the master limited partnership (MLP). That resulted in a very large increase in free cash flow. So to compare apples to apples, we can look at only the results from 2019 and this year's forecast. To look further back than 2019 wouldn't make sense. Last year, Antero's free cash flow was $622 million. But it's expected to drop down to $487 million this year. That's a problem because not only do we want to see free cash flow moving in the other direction, but also, in 2020, free cash flow is unlikely to cover the dividend. Dividend History Antero has a short but solid dividend-paying track record. It began paying shareholders in 2015, and it raised the dividend every quarter. After the acquisition of its MLP, it nearly doubled the dividend. It boosted the payout by $0.02 in July 2019 to $1.23 per share, and it has kept the dividend at that level since. To put it frankly, Antero Midstream cannot afford its current dividend. SPONSORED Pro Trader Bryan Bottarelli has had ENOUGH of the coin-flip moves of stocks. So he's about to reveal what he calls "the single greatest trade in the history of the markets." It doesn't matter whether a stock moves up or down... YOU CAN WIN EITHER WAY. This dead-simple strategy could help you rack up extraordinary gains of 136%... 178%... and 188% OVERNIGHT. Go HERE to see how. The company just raised $550 million by issuing debt. Some of that cash may be used to pay the dividend, but that's not what we want to see. We always prefer that our companies generate more than enough free cash flow to cover the dividend. We don't want to rely on financial engineering to pay shareholders. And with a 16.2% yield, Antero could even cut the dividend in half and still offer an attractive yield to shareholders. I'm not sure what percentage dividend cut is coming, but investors should be ready for one in the next year. Dividend Safety Rating: F If you have a stock whose dividend safety you'd like me to analyze, leave the ticker symbol in the comments section. And you can always check Wealthy Retirement to see whether I've written about your favorite stock recently. Just click on the word "Search" in the upper right part of the page and type in the name of the company. Good investing, Marc P.S. Antero Midstream may have earned a grade of "F," but there are some safe high-yielding dividend payers out there. In fact, I covered three of them in my most recent State of the Market YouTube video. Just click here to see. Leave a Comment MORE FROM WEALTHY RETIREMENT How a Cheated Generation Was Forced to Chase Yield How I Learned Technical Analysis Three Safe, High Yields for the Holidays Facebook Twitter Email Share SPONSORED URGENT: Chief Income Strategist Marc Lichtenfeld Reveals No. 1 Strategy for Creating a Constant Extra-Income Stream To find out more - and to get details on the 12 stocks that could help you earn extra income checks every month... for the rest of your life - click here now. 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. 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