Yielding 6.6%, Is Verizon a Safe Dividend Stock?

By Parkev Tatevosian, CFA – Apr 26, 2024 at 5:40AM

NYSE: VZ

Verizon Communications

Market Cap

$164B

Today's Change

(1.13%) $0.44

Current Price

$39.33

Price as of May 6, 2024, 4:00 p.m. ET

Passive income investors are attracted to the robust dividend yield offered by Verizon stock.

Fool.com contributor Parkev Tatevosian evaluates Verizon (VZ 1.13%) stock for passive income investors.

*Stock prices used were the afternoon prices of April 23, 2024. The video was published on April 25, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.