Are You Missing Out on This Monster Telecom's New Dividend Raise?
In its long-running quest to keep shareholders sweet, telecom giant Verizon Communications (NYSE: VZ) declared a dividend raise in early September. Those investors might not have liked the taste of the new payout, though, as the company's share price has fallen by nearly 8% since then.
By comparison, the S 500 index has dipped by less than 2%, archrival AT's stock has slipped only 1%, and competitor T-Mobile US is up by more than 4%. So does this indicate that, even with the dividend raise, Verizon has fallen into value territory for bargain-hunting investors?
In trumpeting that dividend raise, Verizon didn't hesitate to mention that it makes 2023 the 17th consecutive year the company enacted a hike. This, it says, gives it the longest current raise streak in the American telecom sector.
Source Fool.com
Verizon Communications Inc. Stock
The stock is one of the favorites of our community with 24 Buy predictions and 1 Sell predictions.
With a target price of 41 € there is a slightly positive potential of 7.71% for Verizon Communications Inc. compared to the current price of 38.07 €.
