Is Verizon a Great Dividend Stock?
Income investors reaching for defensive plays against the next recession should be looking for sustainability and growth potential in each company they consider for their portfolio.
Verizon (NYSE: VZ) is the largest provider of wireless services within the United States and pays an impressive forward dividend yield of 4.13%. However, the communication company's growth may be hindered in the near term with an impending price war for services in addition to unsuccessful acquisitions and a slow rollout of 5G services.
Is that enough reason to pass on Verizon as a potential dividend stock to invest in?
Source Fool.com
