Is Verizon an Excellent Stock to Buy for Passive Income Investors?

By Parkev Tatevosian, CFA – Jul 28, 2023 at 10:36AM

NYSE: VZ

Verizon Communications

Market Cap

$165B

Today's Change

(-0.73%) -$0.29

Current Price

$39.20

Price as of May 1, 2024, 4:00 p.m. ET

Verizon is having difficulty adding new subscribers, while existing customers are staying put.

Fool.com contributor Parkev Tatevosian reviews Verizon's (VZ -0.73%) latest financial figures to determine if the stock is an excellent choice for passive income investors.

*Stock prices used were the afternoon prices of July 26, 2023. The video was published on July 27, 2023.

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.