#1 - Verizon Communications (NYSE:VZ)
When it comes to high-yield dividend stocks, Verizon Communications Inc. (NYSE: VZ) makes many investors lists. The company’s business model in the wireless communications sector ensures a steady, recurring revenue stream from products and services that have a defensive quality to them. Many consumers will prioritize their wireless service when having to decide on budget items to cut.
This is an industry that is continuing to go through consolidation. And Verizon recently agreed to buy Frontier Communications in a $20 billion deal that will help position it for the demands of artificial intelligence and connected home devices.
As of this writing, Verizon’s dividend yield is 6.41% and it pays shareholders $2.71 per share annually. That means a $1,000 investment in VZ stock today would pay about $64 in dividend payments per year without any other additional capital. If reinvested that would add about 1.5 shares to a position. And Verizon is a solid bet to increase its dividend having increased it for 20 consecutive 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).
More about Verizon Communications- Current Price
- $42.63
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $46.11 (8.2% Upside)
