Should Retirees Sell This Dividend Stock After a Dud Quarter?
Wall Street isn't showing much love for U.S. telecom giant Verizon Communications (NYSE: VZ). The stock has been trading near its lowest price in five years since the company's Q2 earnings showed that the company's growth is probably stalling out in 2022.
But everyone's investment goals should cater to their individual situation, and retirees should think twice before disconnecting Verizon from their portfolios. Here's why Verizon should remain an excellent dividend stock for retirees.
Verizon delivered a Q2 report that some might call mediocre. Operating results confirmed some trouble under the hood and subscriber growth fell off the cliff in Verizon's wireless segment. After seeing net additions go from 558,000 in 2021 Q4 to a loss of 36,000 in 2022 Q1, the company squeezed out 12,000 net additions in Q2. Verizon lost 215,000 consumer accounts in the quarter, but 227,000 business additions made up for it.
Source Fool.com
