Verizon Communications Inc. (NYSE: VZ) is one of the largest telecommunications companies in the world. The company offers wireless, wireline, and cable services in the United States and internationally. Verizon has a strong presence in the mobile phone market, with a 77% share of the U.S.
wireless market. The company also has a significant presence in the broadband market, with a 39% share of the U. broadband market.
Verizon has a respectable dividend history, with a dividend yield of 2.1%. The company has increased its dividend every year for the past decade, and has a history of paying out a substantial portion of its profits in the form of dividends. The company is currently paying out $5.
59 per share in dividends, which is a dividend payout of $24.5 billion.
Overall, Verizon is a strong dividend stock. The company has a history of increasing its dividend, and has a strong presence in both the wireless and broadband markets. The company also has a respectable dividend yield.
The only downside to Verizon is that the company has a relatively high stock price. However, given the company’s strong dividend history and presence in the markets, Verizon is a strong candidate for a dividend investment.
