Verizon's 4.4% Dividend Yield Remains One of the Best in Tech
Though shares have turned in an unimpressive negative 6% return this year, Verizon's (NYSE: VZ) business has been a stable staple. That was on display once again in Q3 2020, with net new wireless subscriber additions and the highest rate of Fios Internet additions since 2014. But the big news -- another double-digit percentage increase in free cash flow -- underpins the real reason to own this stock: the 4.4% dividend yield.
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New 5G wireless networks have been all the rage this year, and on this front Verizon trails behind T-Mobile (NASDAQ: TMUS) in terms of national coverage. However, its 4G LTE network outperforms other carriers' new 5G in average performance.
Source Fool.com
