Here's What Verizon's CEO Has to Say About the Stock's Incredibly High 7% Yield
When dividend stocks offer high yields, investors primarily take notice for a couple of reasons. One, they could find the yield enticing. A generous dividend, with respect to the share price paid, can become a significant source of income for their portfolios. The other reason, antithetically, could be a general concern why the stock price is lagging, thus pushing up its yield -- in other words, is the dividend safe?
Verizon Communications (NYSE: VZ) is one high-yielding stock that investors are certainly asking questions about. While there's no doubt that locking in a high yield for one of the nation's top telecom providers could be a great move, there's also the nagging feeling that perhaps there's some risk here that investors are overlooking, and that maybe the yield is too good to be true.
The company's CEO recently weighed in on the unusually high yield.
Source Fool.com
Verizon Communications Inc. Stock
With 22 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 40 € shows a slightly positive potential of 6.97% compared to the current price of 37.4 € for Verizon Communications Inc..
