Investors Can Dial Into Verizon's 6.7% Dividend Yield (2024)

Conservative investors can consider dialing into Verizon's (VZ) 6.7% annualized dividend yield.

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The telecommunications giant was featured in this column in November. At that time, we noted that Verizon stock's elite yield and conservative nature — with debt rated at BBB+ by S&P Global — put it among the top stocks in the S&P 500 for conservative investors.

Since that publication, Verizon has remained steady. The company reported fourth-quarter results on Jan. 23. Earnings of $1.08 per share met analyst expectations, while revenue of $35.1 billion came above the analyst mark of $34.6 billion.

While both earnings and revenue were down from a year prior, a lot of the revenue decline came from a one-time $5.8 billion impairment charge in the fourth quarter. This overshadowed some impressive results. One was postpaid phone net subscriber additions, which increased by 449,000 — well above the estimate of 231,600.

While the results were not mind-blowing, they were commendable for a stock that has faced headwinds due to higher interest rates, intense competition and consumers drifting away from cable and landline packages. Traders took note, with shares closing 6.7% higher on the results.

Verizon Stock Sticks Out

While Verizon may not be a growth story, its dividend sticks out. The company has a long record of dividend growth, with 29 straight years of increases.

At a current 6.7% annualized yield, Verizon's dividend is over 500% higher than the 1.3% average yield of the S&P 500.

Verizon's next quarterly dividend, of 66.5 cents per share, will be paid to investors with an ex-dividend date of April 9.

After breaking out of a cup-with-handle base at the start of the year shares of Verizon have once again consolidated around their 50-day moving average.

Verizon stock remains at levels similar to last year, having lost 4% in 2023 while recovering 3% thus far in 2024. The stock can now be seen as forming a flat base, with a 43.21 buy point, per MarketSurge pattern recognition. It is holding support at the 10-week moving average.

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Investors Can Dial Into Verizon's 6.7% Dividend Yield (2024)

FAQs

What is Verizon dividend yield percentage? ›

Verizon Communications Inc.'s ( VZ ) dividend yield is 6.74%, which means that for every $100 invested in the company's stock, investors would receive $6.74 in dividends per year. Verizon Communications Inc.'s payout ratio is 97.97% which means that 97.97% of the company's earnings are paid out as dividends.

Where will Verizon stock be in 5 years? ›

These five years would bring an increase: Verizon price would move from $53.81 to $86.47, which is up 61%. Verizon will start 2026 at $53.81, then soar to $55.36 within the first six months of the year and finish 2026 at $59.22. That means +50% from today.

What is the next dividend date for Verizon? ›

Dividend Summary
SummaryPrevious dividendNext dividend
Per share66.5c66.5c
Declaration date07 Dec 2023 (Thu)29 Feb 2024 (Thu)
Ex-div date09 Jan 2024 (Tue)09 Apr 2024 (Tue)
Pay date01 Feb 2024 (Thu)01 May 2024 (Wed)
2 more rows

Are Verizon dividends qualified? ›

Verizon Dividend

The Verizon (VZ) dividend has been paid continuously since 1984 (formerly Bell Atlantic) and increased for 19 consecutive years; qualifying the company as a Dividend Contender.

What does a 6% dividend yield mean? ›

Dividend yield equals the annual dividend per share divided by the stock's price per share. For example, if a company's annual dividend is $1.50 and the stock trades at $25, the dividend yield is 6% ($1.50 ÷ $25).

What is a 7% dividend yield? ›

This means that investing $1000 with a 7% dividend yield would result in a $144.90 profit after two years and total $1,144.90 assuming all the dividends after each year go into buying additional stock.

Who owns most of Verizon stock? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Charles Schwab Investment Management Inc, Geode Capital Management, Llc, Morgan Stanley, SCHD - Schwab U.S. Dividend Equity ...

Is VZ a buy right now? ›

Verizon has 7.76% upside potential, based on the analysts' average price target. Is VZ a Buy, Sell or Hold? Verizon has a conensus rating of Moderate Buy which is based on 3 buy ratings, 7 hold ratings and 0 sell ratings.

What is the future prediction for Verizon stock? ›

Verizon Stock Forecast

The 16 analysts with 12-month price forecasts for Verizon stock have an average target of 43.75, with a low estimate of 36 and a high estimate of 50. The average target predicts an increase of 12.50% from the current stock price of 38.89.

What stock pays the highest dividend? ›

10 Best Dividend Stocks to Buy
  • Philip Morris International PM.
  • Altria Group MO.
  • Comcast CMCSA.
  • Medtronic MDT.
  • Pioneer Natural Resources PXD.
  • Duke Energy DUK.
  • PNC Financial Services PNC.
  • Kinder Morgan KMI.
Apr 8, 2024

What is the payout for Verizon? ›

Affected users to get up to $100 each if they file a valid claim by April 15. The lawsuit alleges Verizon customers were hit with an administrative charge as part of a “deceptive scheme.” Verizon denies any wrongdoing, but has agreed to the payout.

What is the dividend forecast? ›

The Dividend Forecasting product helps financial institutions price derivatives and better understand how companies are performing. The product delivers precise forecasts of the size and timing of dividend payments based on equity research, market announcements and unique quantitative insight.

Is Verizon a good dividend stock to own? ›

A 17-year payout-raising streak and a dividend yield above 6% make this a hard stock to ignore right now. Shares of Verizon Communications (VZ -0.69%) started Monday, April 22, on a low note. Investors responded to its first-quarter earnings report by pushing the stock about 3% lower in response to lackluster results.

What is the best monthly dividend stock? ›

LTC Properties, Inc. (NYSE:LTC), one of the best dividend stocks, offers a monthly dividend of $0.19 per share. The stock's dividend yield on February 23 came in at 7.10%. Insider Monkey's database of Q4 2023 indicated that 11 hedge funds owned stakes in LTC Properties, Inc.

Is Verizon a stable stock? ›

Verizon Communications (VZ-N) is a secure US yield play with a yield of around 6.5%, stabilized by interest rates. The recent share price has been strong due to overselling after the pandemic, but lots of debt remains a concern.

Is Verizon a good dividend stock? ›

A 17-year payout-raising streak and a dividend yield above 6% make this a hard stock to ignore right now. Shares of Verizon Communications (VZ -0.69%) started Monday, April 22, on a low note. Investors responded to its first-quarter earnings report by pushing the stock about 3% lower in response to lackluster results.

What is a good dividend yield percentage? ›

What Is a Good Dividend Yield? Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment. Your own investment goals should also play a big role in deciding what a good dividend yield is for you.

What is Verizon's percent yield? ›

VZ pays a dividend of $0.67 per share. VZ's annual dividend yield is 6.72%. When is Verizon ex-dividend date? Verizon's previous ex-dividend date was on Apr 09, 2024.

What are the 5 highest dividend paying stocks? ›

20 high-dividend stocks
CompanyDividend Yield
Franklin BSP Realty Trust Inc. (FBRT)11.06%
Eagle Bancorp Inc (MD) (EGBN)9.68%
Civitas Resources Inc (CIVI)9.45%
Altria Group Inc. (MO)9.18%
17 more rows
4 days ago

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