This Unstoppable Stock Already Pays an Ultra-High Dividend Yield -- And Wall Street Thinks It Could Climb Even Higher
(NYSE: VZ) currently offers a monster dividend. The telecom giant's yield is nearly 8%. That's among the highest in the S 500, where the average is around 1.5%.
An ultra-high-yielding dividend is often a warning sign that a cut could be forthcoming. However, that seems unlikely for Verizon's big-time payout. Instead of heading lower, Wall Street analysts believe the payout will continue its unstoppable rise. The company's financial metrics back that view.
Verizon has an unstoppable track record of increasing its high-yielding dividend. The company has raised its dividend payment annually for the last 16 years. That's the longest current streak in the U.S. telecom sector.
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..
