Does Verizon's 7.4% Yield Make It a Top Dividend Stock to Buy Right Now?
Dividend investments come in all varieties and can be an investing form suited for younger and older investors. But not all Dividend stocks are suitable for those demographics. I believe one Dividend stock that isn't for everyone is Verizon (NYSE: VZ).
With Verizon's 7.4% dividend yield, many investors are highly attracted to it, as it is one of the highest yields on the market that isn't in an obviously bad situation.But does that mean everyone should buy it? Let's find out.
Verizon is one of the primary phone carriers in the U.S., but it also offers other services like broadband internet. These offerings are fairly commoditized now, so any growth Verizon experiences isn't meaningful. Unfortunately, Verizon wasn't growing at all in the third quarter, as its total revenue declined by 2.6%, with earnings per share decreasing by 7.6%.
Source Fool.com
Verizon Communications Inc. Aktie
Verizon Communications Inc. ist ein klarer Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Ein leicht positives Potenzial wird für Verizon Communications Inc. mit einem Kursziel von 42 € im Vergleich zu 37.05 € gesehen.
