Why I Keep Buying the Dip in Verizon Stock
Shares of (NYSE: VZ) have fallen more than 25% over the past year. I've been steadily buying that dip to boost my position. The main driver is Verizon's high-yielding dividend. With shares falling, the telecom giant's dividend yield has risen to more than 7%.
Here's why I believe that dividend is safe, and that the stock will eventually reverse its slide.
Verizon has one of the highest dividend yields among S 500 members. While a high dividend yield is usually a warning sign that the market believes a cut is forthcoming, I believe Verizon's payout will continue growing. Its strong, improving free cash flow and falling leverage ratio drive that view.
Source Fool.com
Verizon Communications Inc. Aktie
Überwältigendes Buy-Interesse bei Verizon Communications Inc., mit einer hohen Anzahl von Buy- und wenigen Sell-Einschätzungen.
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