GlaxoSmithKline (LSE: GSK) is often pegged as a super-safe income stock due to the rock solid demand for drugs — and its 5.8% dividend yield — but the fact is this business is in transition and at the moment its payout looks perilously uncovered. However, there’s a reason to be optimistic… sort of.
Is GlaxoSmithKline plc’s Dividend Safe?
VIDEO: One Fool puts GlaxoSmithKline plc (LON:GSK) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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