3 Things About Verizon Communications That Smart Investors Know
Verizon Communications (NYSE: VZ), the largest wireless carrier in the United States, is considered by many to be a stable blue-chip dividend stock for conservative investors. It currently pays a forward yield of 6.3% and trades at just 8 times forward earnings, and that high yield and low valuation could make it an attractive safe haven play as the bear market drags on.
However, Verizon's stock price has also declined more than 20% over the past 12 months as investors fretted over the slowing growth of its wireless business. I previously discussed those issues in depth, so today I'm going to dig deeper into three lesser-known facts about this telecom giant.
Image source: Getty Images.
Source Fool.com
