Is a 6.8% Dividend Yield Enough Reason to Buy Verizon Stock?

By Travis Hoium – Apr 24, 2024 at 5:42AM

NYSE: VZ

Verizon Communications

Market Cap

$164B

Today's Change

(-0.10%) -$0.04

Current Price

$38.89

Price as of May 3, 2024, 4:00 p.m. ET

Verizon's earnings showed a steady company, but the dividend may be the best reason to buy shares.

Verizon (VZ -0.10%) reported solid earnings on Monday, but the company still isn't paying down a huge debt load. Is the dividend enough reason to buy the stock?

In this video, Travis Hoium covers the earnings report and why management thinks the second half of the year will be the best for the company.

*Stock prices used were end-of-day prices of April 22, 2024. The video was published on April 23, 2024.

Travis Hoium has positions in Verizon Communications. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.