Verizon: Frontier Deal, 6.2% Yield, Dividend Hike - I Am Loving It [Seeking Alpha]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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US:NYSE Investor Relations:
verizon.com/about/investors
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Source: Seeking Alpha
Follow Play 7min Summary Verizon Communications raised its dividend by 2% to $0.6775 per share, enhancing its appeal to passive income investors with a 6.2% yield. The acquisition of Frontier Communications is expected to accelerate Verizon's Broadband growth, adding 2.2 million subscribers and enhancing competition against AT&T. Verizon's low free cash flow-based payout ratio of 48% underscores its robust investment proposition, ensuring dividend growth potential for passive income investors. Despite higher valuations, Verizon remains a compelling buy due to its strong Broadband momentum and strategic Frontier acquisition, with an intrinsic value of $47 to $52. hapabapa Verizon Communications Inc. ( NYSE: VZ just raised its dividend yet again to $0.6775 per share per quarter, handing passive income investors a decent 2% dividend hike. In addition, the U.S. wireless carrier announced the acquisition of Frontier Communications ( FYBR ), a pure-play Fiber Broadband co
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VZ
News
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VZ
Earnings
- 7/22/24 - Beat
VZ
Sec Filings
- 9/16/24 - Form 424B2
- 9/16/24 - Form 424B2
- 9/16/24 - Form 4
- VZ's page on the SEC website