RE: how much lower3 Feb 2020 14:38
"I want a safe dividend stock"
Depends on what you mean by safe? Cover of x2 is often quoted as being safe so not this one then! Still it has not cut its dividend in how many years, before the war I here you cry. I dont think there is ever a safe dividend just one that keeps paying if the company does well. Big companies can ride out downturns, often holding divi increases and increasing debt awaiting better times. Looks familiar here.
Still once your product is no longer required or too expensive, Blockbuster! then things aren't going to end well.
Why shell? there are other shares, REITs and unit trusts and many produce divis why not spread it around a tad, better still in an ISA and save some tax.