Is GlaxoSmithKline plc’s Dividend Safe?

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.

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Owain Bennallack owns shares in GlaxoSmithKline. The Motley Fool UK has recommended GlaxoSmithKline. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.