Verizon's 6.5%-Yielding Dividend Continues to Grow Stronger
(NYSE: VZ) has one of the highest dividend yields in the S 500 at over 6.5%. That puts it several times above the index's level of 1.3%. The concern is that a high dividend yield often signals that the payout is at a higher risk of reduction.
However, that's not the case for the telecom stock's dividend. It's on an increasingly sustainable foundation, which has been on full display this year. Here's a look at the factors driving this view.
Verizon recently reported its second-quarter results. The telecom giant delivered accelerated wireless service revenue growth and double-digit broadband subscriber growth. That helped nudge up its total revenue by 0.6% while its adjusted EBITDA rose 2.8%.
Source Fool.com
Verizon Communications Inc. Stock
€37.82
1.190%
We see a rather positive sentiment for Verizon Communications Inc. with 20 Buy predictions and 1 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 11.07% for Verizon Communications Inc. compared to the current price of 37.82 €.
