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1 Huge Reason Verizon Should Slash Its Dividend Now

TheMotleyFool

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1 Huge Reason Verizon Should Slash Its Dividend Now: https://g.foolcdn.com/editorial/images/775103/person-calculating-value-in-coins-chart.jpg

(NYSE: VZ) is spending most of its free cash flow just keeping up with dividend payments, which isn't sustainable as interest rates rise. But investors may not be as tied to that dividend today, which Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of April 30, 2024. The video was published on April 30, 2024.

Source Fool.com

Verizon Communications Inc. Stock

Verizon Communications Inc. gained 1.190% today.
We see a rather positive sentiment for Verizon Communications Inc. with 20 Buy predictions and 1 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 11.07% for Verizon Communications Inc. compared to the current price of 37.82 €.

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