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This year marks Aflac's (AFL) 35th successive year of dividend growth. But its operating cash flow has shown a declining trend over the years.
AT&T (T) has managed to record growth in its 2016 revenues, mainly driven by its Entertainment Group and International segments.
Risk Happens Fast as we saw as recently as 2015. Despite low volatility the risks are increasing and the market has a poor history of pricing in turning points - like the Lehman 'Moment'.