Is Verizon's Dividend Still Safe? [Yahoo! Finance]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
As a result of that sell-off, the stock's dividend yield is up to 6.6%, which is far higher than normal for the business. Typically, the stock yields around 4%. Are the stock's struggles a sign that the company is in trouble, and that its yield is unsustainable? Or have the markets overreacted to the current economic conditions, and could Verizon simply be one of the best bargains out there for income investors Here's what Verizon's latest numbers say Verizon released its latest quarterly numbers on April 22. For the first three months of 2024, the telecom company's operating revenue was flat at $33 billion. Its consolidated net income of $4.7 billion was also lower than the $5 billion it reported a year earlier. The one encouraging number, however, was the free cash flow . At $2.7 billion for the quarter, it was higher than the $2.3 billion in free cash that Verizon generated in the prior-year period. Nonetheless, CEO Hans Vestberg called the results "strong" and says that th
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News
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- Expedia CTO, Senior Engineering Leader Exit on Policy Violation [BNN Bloomberg (Canada)]BNN Bloomberg
- Verizon supports Texas and Louisiana communities affected by recent stormsGlobeNewswire
- Verizon to speak at J.P. Morgan conference May 21GlobeNewswire
VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 5/13/24 - Form 8-K
- 5/13/24 - Form 424B2
- 5/13/24 - Form 424B2
- VZ's page on the SEC website