Is Verizon a Good Dividend Stock to Buy Now?
Shares of Verizon Communications (NYSE: VZ) started Monday, April 22, on a low note. Investors responded to its first-quarter earnings report by pushing the stock about 3% lower in response to lackluster results.
As a well-established telecommunications provider, Verizon isn't growing very fast, but it is reliable. The company has raised its dividend payout for 17 consecutive years and at recent prices, it offers an eye-popping 6.8% dividend yield.
Is Verizon a good dividend stock to buy now? Let's weigh reasons to be enthusiastic about its future against some of the challenges it's facing to find out.
Source Fool.com
Verizon Communications Inc. Stock
€36.12
-0.400%
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 10.76% compared to the current price of 36.12 € for Verizon Communications Inc..
