Looking for a truly dependable income stock?
Here's a dividend stock that stands out...With monthly high-yield payouts...And a remarkable history of dividend growth...Increasing TWICE an2 Columnnually for the past EIGHT years.
Price Target: $47.80
Verizon is a leading telecommunications company offering wireless, broadband, and other communication services. It has a strong market position and is investing heavily in 5G technology.
Positives include its high dividend yield of 6.13% and stable cash flows from its large subscriber base. However, the telecom industry is highly competitive and capital-intensive, which could pressure margins.
Verizon faces challenges from cord-cutting and price competition but remains a solid income stock for more conservative investors seeking yield.
Last Dividend Amount: $0.68
Expected Ex-Dividend Date: Oct 10 2024
Expected Payment Date: Nov 01 2024
Expected Dividend & Yield: 6.03%