Verizon Stock Should Be the Next Addition to Your Dividend Portfolio

Verizon Communications (NYSE:VZ) reported better-than-expected Q1 2019 earnings on April 23, and increased its full-year EPS guidance. Verizon’s earnings came at $1.22 per share on $5.16 billion in net income. Over the past week, Verizon stock has been choppy, leaving investors wondering what may be next for the telecoms giant.

Verizon, the top wireless company in the U.S., offers robust long-term growth potential. However, Verizon is likely to trade within a narrow price range in the coming weeks. Therefore, potential Verizon shareholders may regard the respectable dividend yield, as opposed to a potential stock price increase, as the basis of their investment thesis for now. Verizon’s dividend is one of the most important reasons why I believe the shares belong in a capital-growth portfolio.

Source: InvestorPlace

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