In an environment where generous dividends are often used to mask slowing growth or appease impatient shareholders, truly resilient payout stories are becoming rare. The most compelling cases are no longer defined by headline yield, but by the mechanics underneath: rising operating cash flow, controlled capital spending, and a balance sheet that improves even as capital is returned to investors. That combination signals a business paying dividends because it can, not because it must.
An annual dividend of $6.20 per share fits precisely into that framework. The payout is not stretched, not promotional, and not reliant on leverage. Instead, it is supported by free cash flow that has expanded faster than distributions, while net debt trends steadily downward. For long-term income investors, this is the difference between a dividend that survives the cycle and one that disappears when conditions tighten.
Top points of the analysis
- Annual dividend of USD 6.20 per share with a forward yield of…