Is Verizon a Good Dividend Stock to Buy?
Telecom giant (NYSE: VZ) looks like a compelling income investment at first glance. The stock boasts an attractive dividend yield of 7.6% at the time of this writing.
Yet after reporting second-quarter earnings on July 25, Verizon shares moved little, and remain not far from their 52-week low of $31.25, reached July 17.
Does the lackluster stock price suggest reasons to avoid Verizon? After all, as the share price drops, the dividend yield rises, so yield alone isn't enough of an investment indicator.
Source Fool.com
Verizon Communications Inc. Stock
€38.04
-0.670%
The stock is one of the favorites of our community with 23 Buy predictions and 1 Sell predictions.
With a target price of 41 € there is a slightly positive potential of 7.8% for Verizon Communications Inc. compared to the current price of 38.04 €.
