Verizon’s Turnaround Is Gaining Momentum. Is This 6.5%-Yielding Dividend Stock a Buy?
Verizon (NYSE:VZ) is starting to look like more than just a high-yield dividend stock. The telecommunications giant added 406,000 postpaid phone customers in the third quarter, an eye-popping 820% year-over-year increase. That accelerating momentum helped drive stronger earnings and cash flow, prompting Verizon to raise its full-year outlook for the third straight quarter.
With the stock trading at less than nine times this year’s expected earnings and yielding 6.5%, is Verizon stock a buy right now? Here’s a look at the company’s most recent quarter and its total return potential from here.
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