(NYSE: VZ) currently offers a monster dividend. Its yield is approaching 8%, driven higher by the continued decline in its stock price. Shares currently sit 20% below their 52-week high, weighed down by myriad concerns. 

However, a growing chorus of Wall Street analysts view the sell-off in the telecom stock as a buying opportunity. They believe that the fears surrounding the company are overblown. Furthermore, they think the company can continue increasing its already massive payout.

I wholeheartedly agree. That's why I've been piling into shares this year. Here's a look at what some analysts recently said about Verizon, and why I'm buying the high-yielding dividend stock hand over fist these days.

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Source Fool.com