#1 - Verizon Communications (NYSE:VZ)
Verizon Communications Inc. (NYSE: VZ) is a name that frequently comes up when talking about high-yield dividend stocks. The company has a boring (g (i.e. mature) business model that makes up in predictability what it may lack in sizzle.
Like many quality dividend stocks, it's all about earnings, and Verizon's margins have been lacking in recent quarters. However, in April 2024, the company posted better-than-expected margins as it delivered earnings that beat to the upside by three cents. Verizon also increased its cash flow and reaffirmed upside guidance.
VZ stock has an attractive dividend yield of 6.87%, which calculates to about 29% of the company's cash flow. This may be a case of under-promising now to overdeliver later. Even if better margins don't show up in the company's earnings, it will almost certainly point to continued dividend growth over the next few years.
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)
