This 7%-Yielding Dividend Stock Is Safe and Growing More Secure
(NYSE: VZ) currently offers a big-time dividend. The yield is up to an eye-popping 7%, following a roughly 30% slide in the stock price over the past year. That puts its payout several times higher than the S 500, which currently yields slightly more than 1.5%.
High dividend yields are often a warning sign that the payout is at risk of reduction. But a closer look at Verizon's financial metrics suggests its dividend is on very solid ground.
And with its free cash flow expected to improve in the coming years, the payout should grow even safer. Because of that, it's an attractive option for investors seeking a big-time passive income stream.
Source Fool.com
Verizon Communications Inc. Stock
€38.04
-0.670%
With 23 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 41 € shows a slightly positive potential of 7.8% compared to the current price of 38.04 € for Verizon Communications Inc..
