Ringing Up Verizon Dividends

Over the past several months, the Telecom sector has been a market leader. A primary driver has been investor attraction to juicy dividend yields. Verizon (VZ) is one of the sector dividend leaders, sporting a hefty 6.3 percent yield; even after a significant share price run-up of late. The board of directors just announced a dividend increase, too. Verizon has jacked up the dividend each year since 2005. In addition, the Frontier spinoff yielded additional cash to investors.Recently, the company has been cutting staff through attrition, early retirement, and in conjuction with landline divestitures.... Read more

Older articles featuring VZ: