Two Sides to the Story for This 5% Yielder

Shield AN OXFORD CLUB PUBLICATION Loyal reader since August 2025 Wealthy Retirement View in browser SPONSORED The #1 Tech IPO of 2026 Futuristic graph going up This new IPO's order book has grown 10,000% in a single year... backed early by former Google CEO Eric Schmidt... Dr. Skousen says it could be one of the best-performing stocks of the next decade. Click Here to Get the Details. SAFETY NET T. Rowe Price: Two Sides to the Story Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Marc Lichtenfeld T. Rowe Price (Nasdaq: TROW) manages $1.8 trillion for clients and offers more than 100 mutual funds and ETFs. The stock sports a generous 5% yield. Let's see if that yield is likely to be maintained. T. Rowe Price generated $1.5 billion in free cash flow in 2025, which was a 17% increase over 2024. However, the three-year growth rate was negative, as the company's free cash flow totaled $2.1 billion in 2022. The Safety Net model penalizes a company if its free cash flow growth is negative over one- and three-year periods, so T. Rowe Price's three-year growth rate causes a downgrade. The asset manager gets another downgrade because free cash flow is forecast to decline to $1.4 billion this year. If free cash flow comes in higher than last year's figure, that penalty will be removed, but we won't see the 2026 results for about a year. SPONSORED The Tiny Stock with the Millionaire-Making Playbook Nvidia... Amazon... Netflix... Their biggest gains have come and gone. If you missed out on those, the greatest legacy they've left for you is their playbook... so you can follow along the next time it plays out. Folks, that time has arrived. And Alexander Green would know. He identified ALL of those companies early on. Now he's zeroed in on his next one... a little company with AI technology that could soon change the world. He's targeting 4,700% in the next decade. Details HERE. In 2025, the company paid shareholders $1.1 billion for a payout ratio of 77%. That is just above the 75% cutoff, so the stock gets whacked with another downgrade. This year, with cash flow expected to decline, the payout ratio is projected to increase to 82%, pulling further away from the comfort zone. That's another downgrade. The good news is that T. Rowe Price has raised its dividend every year for an impressive 40 years. Chart: T. Rowe Price's 40-Year Dividend Streak View larger image Management clearly takes its dividend-raising history seriously. But is a four-decade streak enough to make up for the concerns in the company's profile? Get TROW's Grade Here Access a Free List of Marc Lichtenfeld's Favorite Dividend Stocks. Click here. The Essence of Sicily, September 28 - October 6, 2026 BUILD AND PROTECT YOUR WEALTH Is Your Portfolio Ready for the Gold Boom? Find Out How to Prepare Now! Why Austrian Economics Matters More Than Ever for Investors Odd Monthly Event Could More Than Triple Your Money How One Trader Turned a 1% Drop Into 120% Profits OVERNIGHT MORE FROM WEALTHY RETIREMENT Article T. Rowe Price: Two Sides to the Story Article Dividend Growth Stocks: The Bedrock of Your Retirement Portfolio Article Why Austrian Economics Matters More Than Ever for Investors Article An Era of Unprecedented Prosperity Facebook Facebook LinkedIn logo LinkedIn Email Share Email Share Push Alert Push Alert SPONSORED The Day China Left America's Supercomputers in the Dust In 200 seconds, China's quantum computer accomplished what would take our fastest supercomputers over 500 million years... and the breakthrough material powering this revolution? It's manufactured by a tiny $20 American company Wall Street has mostly overlooked. DISCOVER THE OPPORTUNITY The Oxford Club You are receiving this email because you subscribed to Wealthy Retirement. 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