EV charging stations that pay you up to $93/day!
Sponsored
Our government just realized it can't meet its 2030 climate targets without outside help… And it's created a major income opportunity for average Americans. Specifically, the White House is channeling $7.5 billion of “backdoor” infrastructure funding to a tiny clique of “special companies”… Companies that have been tasked with installing and running 450,000 new electric vehicle charging stations along our roads and highways. And that's fantastic news for you… Because not only are these special companies set to rake in $563 million in profit this year alone… They're also required to share ALL of that cash with ordinary Americans. If you know how to grab a slice of this new income stream… It could be the easiest money you ever make. Get the full details right here. P.S. You could be looking at up to $34,200 in easy, passive income this year (or up to $93 per day). And as you'll discover when you click through… that number is set to get a LOT bigger in the coming years!
Bristol Myers Squibb (NYSE: BMY) is a $100 billion market cap pharmaceutical company that has raised its dividend every year since 2010 and has paid one since 1933.
The stock currently yields 4.5%. But can it continue to pay its $0.57 per share quarterly dividend despite an expected decline in its free cash flow next year?
Bristol Myers Squibb has 35 approved drugs, including well-known names like blood thinner Eliquis and cancer fighters Opdivo and Revlimid.
This year, revenue and earnings are forecast to dip, though free cash flow is projected to grow considerably from 2022’s total. However, next year, while earnings are expected to recover, free cash flow will drop, according to Wall Street analysts.
In the Safety Net model, there is no sin bigger than falling cash flow.
However, the drug giant’s other numbers are very solid. The company will likely pay out about $4.6 billion in dividends this year, which is just 30% of its expected free cash flow. Next year’s predicted $4.8 billion in dividend payouts should result in a payout ratio of just 33%.
Those numbers are quite low and make the dividend quite affordable.
Should free cash flow continue to head south in 2025, the company’s dividend safety would likely get a downgrade. But given Bristol Myers Squibb’s low payout ratio and its strong track record of 14 straight years of dividend increases and 44 straight years without a dividend cut, the current dividend is very safe.
Elon Musk: THIS will be bigger than Tesla
Sponsored
Hello. I'm James Altucher.
I've been called a “genius investor” by my fans…
And an “eccentric millionaire” by some others.
I think it's because I make big predictions…
That tend to come true.
Today, I'm revealing a brand-new prediction:
American manufacturing will leave China…
And make a triumphant return to America…
Thanks to AI-powered robots.
The technology is being developed right now.
I'm talking about, among others…
These robots are autonomous workers…
Embedded with a smart “AI brain”.
Musk is going to use thousands of them in Tesla factories…
AI robots will make it cheaper to manufacture goods here in America than China.
And they'll create new American jobs in construction, maintenance, transportation, management, and more.
Musk believes the potential of these robots is almost limitless…
And could soon exceed Tesla's revenues…
He's even said his robots have the potential to be used in homes…
To make dinner and do housework…
Care for the elderly…
Or even hinted at them…
Being a buddy or “romantic companion” for lonely people.
Now that may sound strange…
(And perhaps it is.)
But I've learned not to bet against Musk's vision.
And this is just one of the ways AI will transform our economy and society.
In fact, I now predict…
Between now and January 9, 2024…
Next generation AI technology will open a “wealth window”…
That could be the biggest wealth-building opportunity of your lifetime.
I now expect AI to be the first $100 TRILLION industry.
There could be trillions available to those who get in early…
Today, for the first time…
I'm showing good Americans exactly what to do…
For investing in AI during this brief “wealth window”.
P.S. If you missed out on crypto, this could be your second chance. The AI “wealth window” is opening now, but you must get in before January 9, 2024. Don't delay. See all the details you need here.