Stocks are in a global tailspin. If and when the latest market flash fires dissipate, Verizon Communications (NYSE:VZ) is one of the safest, high-yielding, large-cap names investors can add to their portfolio when the time is right.
Perhaps the best reason to own Verizon as a safe haven is the robust 5.7% dividend yield that is only getting bigger as the stock falls. As far as yields go in the telecom space, Verizon trails AT&T's (NYSE:T) 6.1% annual payout and
Source: Investopedia
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