The telecom giant is about to add a nickel to its set of annual dividend payouts. That's according to analysts at a prominent investment bank.
Verizon (NYSE: VZ) has the largest market share of wireless customers, at 38% of the US market.
Zacks.com users have recently been watching Verizon (VZ) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
VZ's satellite-based messaging service enables customers to use emergency messaging and location sharing outside traditional cellular coverage.
The latest trading day saw Verizon Communications (VZ) settling at $41.49, representing a +0.1% change from its previous close.
Verizon Communications stock has normally underperformed the S&P 500. But given solid fundamentals, the high dividend yield suggests the stock's valuation may be too low.
Despite lucrative promotional offers to entice customers, Verizon (VZ) appears to be treading in the middle of the road and investors could be better off if they trade with caution.
Verizon (VZ) reported earnings 30 days ago. What's next for the stock?
Verizon's Q2 performance showed positive trends, including a positive dynamics in operating metrics and a 2.8% YoY growth in non-GAAP EBITDA. Moderating CapEx and improving free cash flow indicate improved dividend safety and future growth probability. Verizon's dividend yield and growth record are the best-in-class among the three largest U.S. telecom players.
The telecom incumbent is generous with its payout on nearly every measure. It's a blue chip stock that pays a high-yield dividend.
Recently, Zacks.com users have been paying close attention to Verizon (VZ). This makes it worthwhile to examine what the stock has in store.
Verizon Communications Inc. provides communication and technology services globally. Previous analysis showed VZ as an attractive investment for dividend investors. Today we have updated our model with more up-to-date dividend growth assumptions and required rate of returns. The updated model estimates fair value of VZ stock between $46 and $74 per share.