Verizon Is More Than a Great Dividend Stock
Telecommunications stocks have some of the highest dividend yields on the market, but they can't seem to get much traction in growing their stock price. Verizon Communications (NYSE: VZ) has been stuck in a rut for years, AT&T (NYSE: T) is in the same boat after a number of strategic missteps, and the only stock that seems to be appreciating is T-Mobile US (NASDAQ: TMUS) after its merger with Sprint.
As unloved as these stocks are, there might still be an opportunity for long-term investors. 5G networks that are being rolled out nationwide open up new markets into homes and businesses and could provide an avenue for growth. These opportunities are why I think Verizon is both a great dividend stock and an underappreciated growth stock in the long term.
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Source Fool.com
