#3 - Verizon Communications (NYSE:VZ)
Verizon Communications Inc. (NYSE: VZ) has been a volatile stock to hold over the last five years. In fact, the total return on VZ stock is negative in that time. But Verizon continues to be one of the best stocks for buy-and-hold investors. One good reason for that is the company’s dividend yield of 6.37%. Verizon has also increased that dividend for 20 consecutive years.
The company is one of the world’s leading wireless companies, which gives it a defensive quality highlighted by a predictable but not necessarily high-growth revenue stream. However, in the short term, the company is going to have to work through the debt that it took on with its $20 billion acquisition of Frontier Communications.
Management is planning on working through a significant amount of that debt before the deal with Frontier closes sometime in 2025. In the meantime, the dividend looks safe, and it has attractive fundamentals with a forward price-to-earnings (P/E) ratio of around 9x.
About Verizon Communications
Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).
Read More - Current Price
- $39.93
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $46.51 (16.5% Upside)
