Why I Continue Buying Shares of This Healthy and Secure 6.7%-Yielding Dividend Stock [Yahoo! Finance]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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verizon.com/about/investors
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Source: Yahoo! Finance
On one hand, a high dividend yield is often a warning sign that the payout is at a higher risk of getting cut if market conditions deteriorate. However, that couldn't be farther from the truth for Verizon's healthy and secure dividend. That's one of the many reasons I continue to buy shares of the big-time dividend stock. The numbers continue to get better Verizon has spent the past several years investing in its network, including building out its faster 5G capabilities. That heavy investment phase is now in the rearview mirror, enabling the company to generate more free cash flow. For example, it produced $2.7 billion in free cash flow during the first quarter, a $400 million year-over-year improvement despite generating less cash flow from operations. While free cash flow in the quarter didn't cover Verizon's dividend payment of $2.8 billion, that's not a concern because it's a seasonally low period for the telecom giant. Verizon expects its free cash flow to build through
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VZ
News
- Verizon Sees AI as ‘Next Growth Machine' for Internet Demand [Yahoo! Finance Canada]Yahoo! Finance Canada
- Verizon Sees AI as ‘Next Growth Machine' for Internet Demand [Yahoo! Finance]Yahoo! Finance
- Verizon Sees AI as ‘Next Growth Machine' for Internet Demand [BNN Bloomberg (Canada)]BNN Bloomberg
- Verizon unveils new AI tools to transform customer experience [Yahoo! Finance]Yahoo! Finance
- Verizon unveils new AI tools to transform customer experienceGlobeNewswire
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