Verizon's Monster Dividend Continues to Grow Safer
Verizon's (NYSE: VZ) dividend currently yields more than 6%. That puts the telecom giant's payout among the highest yields in the S 500, where the average is 1.5%.
However, while a higher-yielding payout often indicates a higher risk of a future reduction, that's growing increasingly unlikely for Verizon. That's clear in the company's financial results from last year and outlook for 2024.
Verizon recently reported its fourth-quarter and full-year results for 2023. On the one hand, the telecom giant reported declining revenue and earnings in both periods. Here's a snapshot of its income statement for the fourth quarter:
Source Fool.com
Verizon Communications Inc. Stock
€37.44
-3.650%
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 12.18% for Verizon Communications Inc. compared to the current price of 37.44 €.
