Why I Keep Buying the Dip in Verizon Stock
Shares of (NYSE: VZ) have fallen more than 25% over the past year. I've been steadily buying that dip to boost my position. The main driver is Verizon's high-yielding dividend. With shares falling, the telecom giant's dividend yield has risen to more than 7%.
Here's why I believe that dividend is safe, and that the stock will eventually reverse its slide.
Verizon has one of the highest dividend yields among S 500 members. While a high dividend yield is usually a warning sign that the market believes a cut is forthcoming, I believe Verizon's payout will continue growing. Its strong, improving free cash flow and falling leverage ratio drive that view.
Source Fool.com
Verizon Communications Inc. Aktie
38,07 €
-1,23 %
Hohe Buy- und niedrige Sell-Zahlen bei Verizon Communications Inc. zeigen ein stark positives Sentiment.
Ein positives, wenn auch bescheidenes, Potenzial für Verizon Communications Inc. mit einem Kursziel von 41 € im Vergleich zum aktuellen Kurs von 38.07 €.
