During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
In the closing of the recent trading day, Verizon Communications (VZ) stood at $41.56, denoting a +1.42% change from the preceding trading day.
Recently, Zacks.com users have been paying close attention to Verizon (VZ). This makes it worthwhile to examine what the stock has in store.
VZ offers a potential capital gain opportunity with a risk to reward ratio of greater than 1:3. Technical analysis tools show that VZ is trading above a rising 30-week EMA and has bullish momentum. Volume patterns suggest that smart money has been accumulating shares of VZ, while relative strength is neutral.
Verizon is offering a high yield to investors. The wireless carrier has increased the dividend for 17 consecutive years.
The dividend yield makes the stock worth looking at. Verizon should continue to generate stable earnings.
Investors seeking passive income are sometimes captivated by a stock or bond's current yield (payout divided by price).
AST SpaceMobile Inc (NASDAQ: ASTS) is up some 20% on Wednesday after announcing to have teamed up with Verizon Communications Inc (NYSE: VZ).
Verizon's shares have rebounded about 30% and still appear undervalued. Concerns about Verizon's $137 billion debt should focus on the company's ability to service and repay it. Verizon's dividend yield is currently at 6.69% and the company is expected to strengthen its balance sheet and reward investors.
Verizon said on Tuesday that it added Comcast's Peacock to its streaming subscription hub and plans to offer YouTube Premium at a discounted rate with myPlan subscriptions.
Verizon Communications Inc. (NYSE:VZ ) J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference May 21, 2024 8:50 AM ET Company Participants Hans Vestberg - Chairman & CEO Conference Call Participants Sebastiano Petti - JPMorgan Sebastiano Petti Good morning.
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.