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Stock impact report

Verizon's CEO Calls Its 6.6% Dividend "Sacrosanct." How Safe Is It Really? [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
Its new CEO called its dividend "sacrosanct" in the latest earnings call, but this may be tested as the company faces a status quo he admits is "not acceptable." While its dividend yield is hefty, Verizon's dividend growth has lagged inflation in recent years, and increases may be meager as the company undergoes a turnaround. 10 stocks we like better than Verizon Communications › "Sacrosanct." That's the word that Daniel Schulman, CEO of Verizon Communications (NYSE: VZ) , used to describe his company's 6.6% dividend at its third-quarter earnings conference. Sure enough, the company has grown its payouts for 19 years running, a period that includes the bear market of 2022, the pandemic of early 2020, and the 2008-to-2009 financial crisis. But while the dividend increases came every year, they haven't been sizable. This year's hike of $0.0125 per share was just a 1.8% increase over last year, barely half the annual inflation rate of 3%. Since 2020, its dividend has grown by 12 Show less Read more
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