Is Verizon Still a Great Dividend Stock?
Dividends are a terrific way to make income outside of your main jobs, and definitely once you're retired. Millions of people count on that quarterly check to make ends meet or as money for life's little extras.
High-yielding Verizon Wireless (NYSE: VZ) is a battleground stock among income investors. It's followed by many, and most people have a strong opinion about it. It's important to put aside emotions in investing and focus on what will ultimately get you to your goals most efficiently. Is Verizon that stock?
Verizon's dividend yield is currently 7.8%, which is tempting. After all, very few stocks pay this well. But you shouldn't pick stocks by dividend yield alone. Long-time and well-respected financial writer Raymond Devoe once stated in The Wall Street Journal that "more money has been lost reaching for yield than at the point of a gun." Is he right? There is no conclusive proof of this, but I believe he's definitely on to something.
Source Fool.com
Verizon Communications Inc. Stock
With 23 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 43 € shows a slightly positive potential of 7.55% compared to the current price of 39.98 € for Verizon Communications Inc..
