By Marc Lichtenfeld Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at NetApp’s dividend safety.
NetApp (Nasdaq: NTAP) is a cloud storage and data management company based in Silicon Valley. But unlike most tech companies, this one has a robust 4.5% dividend yield.
Can tech investors expect to continue to receive their $0.48 per share quarterly dividend?
A big red flag is that NetApp’s free cash flow is headed in the wrong direction. In 2019, it declined slightly to $1.17 billion from $1.33 billion the year before.
This year, free cash flow is projected to drop to $936 million, and then it’s expected to drop …read more
