Verizon Communications yields 6% and has raised its dividend for 20 consecutive years

Earnings
โดย The Motley Fool·Read original
Summary · why it matters

Verizon Communications offers a 6% dividend yield and has increased its payout for 20 straight years, most recently by 2.5% in February. The payout ratio stands at about 67%, leaving room for further growth, while the company serves nearly 150 million wireless retail connections and 99% of Fortune 500 companies. First-quarter revenue rose 2.9% year-over-year, adjusted earnings per share climbed 7.6%, and management raised full-year adjusted EPS growth guidance to between 5% and 6%. The stock carries a low beta of 0.22%, suggesting it is far less volatile than the broader market, and management reaffirmed a 2026 free cash flow outlook of at least $21.5 billion.

Impact on stocks 2

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Verizon Communications Inc
VZ
▲ PositiveCapitalrelevance

Strong dividend growth, revenue and EPS increases, raised guidance, and reaffirmed free cash flow outlook

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