Reported about 1 month ago
Despite a 5% drop in stock value following its third-quarter report, Verizon Communications provided encouraging news for income investors, highlighting a nearly 6.5% dividend yield. The company reported stable revenue and exceeded earnings expectations. Key metrics indicated solid growth in fixed wireless subscribers and a commitment to its dividend program, with plans for future increases supported by strong cash flow and EBITDA. However, analysts raised concerns about increasing taxes and capital expenditures, prompting a need for investors to monitor Verizon's ongoing ability to maintain its dividends.
Source: YAHOO