Is Verizon a good dividend stock? (2024)

Is Verizon a good dividend stock?

While VZ stock has consistently underperformed the S&P 500, the telecom giant often attracts income-oriented investors, thanks to its dividend. If 5G wireless services reignite earnings and revenue growth, Verizon

stock might have much greater appeal.

Does Verizon have good dividends?

In late October, Chief Executive Officer Hans Erik Vestberg said during the company's earnings call that Verizon's “dividend coverage is very healthy. Year-to-date our free cash flow dividend payout ratio is approximately 56%, a significant improvement from a year ago.”

Is Verizon stock a good long term investment?

This makes Verizon stock a buy for 2024, and its high-yield dividend, combined with a long streak of increases, means you'll also collect passive income by holding on to this investment over the long term. Robert Izquierdo has positions in Verizon Communications. The Motley Fool recommends Verizon Communications.

Is VZ dividend safe to buy?

Verizon is one of the best dividend stocks investors can buy right now. It's a leading company in the telecom space, and with a payout ratio of around 53%, its dividend isn't in any danger.

What is the best paying dividend stock?

Is VZ stock a good buy now?

VZ Stock Forecast FAQ

Verizon has 10.26% upside potential, based on the analysts' average price target. Is VZ a Buy, Sell or Hold? Verizon has a conensus rating of Moderate Buy which is based on 10 buy ratings, 7 hold ratings and 1 sell ratings.

Does Verizon have a lot of debt?

According to Verizon's latest financial reports the company's total debt is $174.94 B. A company's total debt is the sum of all current and non-current debts.

Why would someone invest in Verizon?

While VZ stock has consistently underperformed the S&P 500, the telecom giant often attracts income-oriented investors, thanks to its dividend. If 5G wireless services reignite earnings and revenue growth, Verizon stock might have much greater appeal.

Is Verizon stock better than AT&T?

Verizon's superior FCF puts it in a stronger position than AT&T to continue reducing debt and maintain its dividend. Verizon's FCF increase is thanks in part to growth in its wireless-service sales, which hit $76.7 billion in 2023, a year-over-year increase of 3.2%.

How often does Verizon pay dividends?

Verizon Communications Inc.'s ( VZ ) ex-dividend date is January 9, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. Verizon Communications Inc. ( VZ ) pays dividends on a quarterly basis.

What is the safest dividend stock to buy now?

Kinder Morgan (NYSE: KMI), Equinix (NASDAQ: EQIX), and Lockheed Martin (NYSE: LMT) are three super-safe dividend stocks because they generate contractually secured cash flow and have strong financial profiles. That makes them great options for those seeking to fortify their dividend income in 2024 and beyond.

What is the downside to dividend stocks?

One downside to investing in stocks for the dividend is an eventual cap on returns. The dividend stock may pay out a sizable rate of return, but even the highest yielding stocks with any sort of stability don't pay out more than ~10% annually in today's low interest rate environment, except in rare circ*mstances.

What is Verizon stock prediction for 2030?

Verizon Communications Stock Prediction 2030

In 2030, the Verizon Communications stock will reach $ 36.31 if it maintains its current 10-year average growth rate. If this Verizon Communications stock prediction for 2030 materializes, VZ stock willgrow -9.45% from its current price.

What are the top 5 dividend stocks to buy?

What are the three best dividend stocks?

How many dividend stocks should I own?

Whether you want to live off dividends today or are investing for the long haul, the best way to build a dividend portfolio for steady income is to follow a simple set of risk management principles: Hold between 20 and 60 stocks to reduce company-specific risk. Roughly equal-weight each position.

How high will Verizon stock go?

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Verizon stock have an average target of 43.56, with a low estimate of 36 and a high estimate of 50. The average target predicts an increase of 8.63% from the current stock price of 40.10.

Who owns VZ stock?

How many years of dividend growth does VZ have?

During the past 12 months, Verizon Communications's average Dividends Per Share Growth Rate was 1.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.00% per year.

Is Verizon over or undervalued?

Fair Value Estimate for Verizon

With its 4-star rating, we believe Verizon's stock is undervalued compared with our long-term fair value estimate of $54 per share, which equates to roughly 8 times our 2024 EBITDA forecast. That valuation also implies an 8.2% free cash flow yield based on the firm's performance in 2023.

Is Verizon having financial trouble?

Verizon Communications' odds of distress is under 33% at this time. It has slight probability of undergoing some form of financial hardship in the near future. Chance Of Bankruptcy shows the probability of financial distress over the next two years of operations under current economic and market conditions.

Is Verizon losing a lot of customers?

The customer exodus in Verizon's consumer division took off at the beginning of 2022, when it lost 292,000 such customers. But some analysts see an end in sight. Verizon has been steadily losing customers in its consumer business since the beginning of last year.

How do I cash out Verizon stock?

Yes, shareowners can receive their dividends in cash, via check or direct deposit, or through dividend reinvestment. Book-Entry does not require dividend reinvestment. For more information, please call 1-800-631-2355 or visit computershare.com/verizon.

How much does a Verizon owner make?

$202K (Median Total Pay)

The average Owner base salary at Verizon is $135K per year. The average additional pay is $67K per year, which could include cash bonus, stock, commission, profit sharing or tips.

Is Verizon a buy sell or hold?

Verizon stock has received a consensus rating of hold. The average rating score is Baa1 and is based on 25 buy ratings, 30 hold ratings, and 2 sell ratings. What was the 52-week low for Verizon stock? The low in the last 52 weeks of Verizon stock was 30.14.