Covered several times over — but flat for five years. A $0.125 quarterly dividend, unchanged since 2021, at a 29.2% trailing payout and about 16% of cash flow. Norton, Avast and LifeLock subscriptions throw off the cash — but a dividend that never rises is safe, not compounding.
Key risk: A flat dividend for five years while the price drifts — the payout is safe, the growth story is not.
Changes if: A raise resumes or the payout climbs past ~50%.
- ✓Covered by earnings 29.2% trailing payout, per StockAnalysis.
- !Flat dividend Unchanged at $0.125 since 2021.
- ✓Covered by cash flow About 16% of cash flow paid out, per MarketBeat.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.