Verizon: Not A Good Fit For Dividend Growth Investors (Rating Downgrade) [Seeking Alpha]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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US:NYSE Investor Relations:
verizon.com/about/investors
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Source: Seeking Alpha
Wall Street has an average price target of $45.44 per share for Verizon, representing a potential upside of over 14%. However, my dividend discount model estimates fair value at $31.65. While the dividend yield over 7% is enticing, the lack of dividend growth makes this less attractive. Overview I previously covered Verizon ( NYSE: VZ ) at the tail end of December in 2023. Since then, we've experienced a total return of over 10%. My thesis at the time was focused around the idea that VZ has just made the 2024 Dogs Of The Dow list and I expected a recovery movement in price as additional capital came rolling in. Now, I want to take a look at what the actual valuation would be in terms of price targets and other calculated metrics. While there was some upside since my initial coverage, there are undeniably some better deals in the market right now across sectors like REITs, Business Development Companies, or Closed End Funds that can provide an equally as high yield and a better
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VZ
News
- Verizon Business to spotlight the fast-changing cybersecurity landscape and how to manage it at RSA Conference™ [Yahoo! Finance]Yahoo! Finance
- Verizon Business to spotlight the fast-changing cybersecurity landscape and how to manage it at RSA Conference™GlobeNewswire
- We Think Shareholders May Want To Consider A Review Of Verizon Communications Inc.'s (NYSE:VZ) CEO Compensation Package [Yahoo! Finance]Yahoo! Finance
- Verizon Q1: The More It Drops, The More I'll Buy [Seeking Alpha]Seeking Alpha
- Verizon Is Ready To Keep You Connected Throughout The 2024 Hurricane Season [Yahoo! Finance]Yahoo! Finance
VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 4/30/24 - Form DEFA14A
- 4/29/24 - Form 424B2
- 4/29/24 - Form 4
- VZ's page on the SEC website