This Stock Just Reached a Record High Dividend Yield of 8.83%. Should You Buy It Before It's Too Late?
Many dividend stocks have struggled over the last couple of years in an environment of rising interest rates. But for income investors looking to put cash to work, this may have created some great buying opportunities.
Income investors could get a yield approaching 9% on one of the most well-known dividend payers in the market. In fact, this company's stock hasn't offered a yield this high in its 39 years of dividend payments.
The stock is Verizon Communications (NYSE: VZ), which reached a 52-week low earlier this month. Investors who snagged shares at $30.14 will earn a yield of 8.83%, assuming Verizon maintains its current quarterly payout (and there's no reason to think it won't).
Source Fool.com
Verizon Communications Inc. Aktie
38,01 €
-0,01 %
Die Community bevorzugt klar Verizon Communications Inc. mit vielen Buy- und nur wenigen Sell-Einschätzungen.
Das Community-Kursziel von 41 € für Verizon Communications Inc. deutet auf ein leicht positives Wachstumspotenzial gegenüber 38.01 € hin.
