Is Verizon Still a Great Dividend Stock?
Dividends are a terrific way to make income outside of your main jobs, and definitely once you're retired. Millions of people count on that quarterly check to make ends meet or as money for life's little extras.
High-yielding Verizon Wireless (NYSE: VZ) is a battleground stock among income investors. It's followed by many, and most people have a strong opinion about it. It's important to put aside emotions in investing and focus on what will ultimately get you to your goals most efficiently. Is Verizon that stock?
Verizon's dividend yield is currently 7.8%, which is tempting. After all, very few stocks pay this well. But you shouldn't pick stocks by dividend yield alone. Long-time and well-respected financial writer Raymond Devoe once stated in The Wall Street Journal that "more money has been lost reaching for yield than at the point of a gun." Is he right? There is no conclusive proof of this, but I believe he's definitely on to something.
Source Fool.com
Verizon Communications Inc. Stock
Verizon Communications Inc. is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
With a target price of 43 € there is a slightly positive potential of 3.59% for Verizon Communications Inc. compared to the current price of 41.51 €.
