Verizon (NYSE: VZ), the second largest wireless carrier in the U.S. after AT&T (NYSE: T), is often considered a stable income investment for conservative investors. It's raised its dividend annually for 13 straight years, pays a forward yield of 4.3%, and spent just 57% of its free cash flow on that payout over the past 12 months.
Verizon delivered a total return of 50% over the past five years and still trades at less than 12 times forward earnings. But is it still a good buy in this volatile market?
Image source: Getty Images.
Source Fool.com