Verizon Communications Inc. has the ticker symbol VZ and is a member of the Communication Services sector as a telecom services company. This is my second report on Verizon Communications Inc for my Vista Portfolio. My most recent past report was on January 29th.

Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). 

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It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. 

Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). 

Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo provide the remainder of revenue.

The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. 

Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Three key data points gauge dividend equities or funds like Verizon Communications Inc. (VZ):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

VZ Price

Verizon Communications Inc.'s price per share closed at $56.60 yesterday. One year ago its price was $50.31. Price per share has increased 12.5% from the midst of the COVID market slump. 

If Verizon Communications Inc's stock trades in the range of $50 to $65 this year, its recent $56.60 price might rise by $3.40 to reach $60.00 by March 23, 2022. My estimate is just below that of ten analysts tracking VZ.

VZ Dividends

Verizon Communications Inc's most recently declared quarterly dividend was $0.6275 payable May 3rd. Dividends are estimated to total $2.51 per share annually and yield 4.43% at yesterday's $56.60 closing price. VZ has paid annually increasing dividends for sixteen years.

VZ Returns

Adding the $2.51 annual VZ anticipated dividend to my $3.40 price upside shows a $5.91 potential gross gain, per share, to be reduced by any costs to trade the shares.  

Put little over $1,000.00 today in Verizon Communications Inc at $56.60 per share and we'd buy 18 shares of VZ stock.

A $10 broker fee (if charged) would be paid half at purchase and half at a sale and might cost us about $0.56 per share.

Subtract that maybe $0.56 brokerage cost from my estimated $5.91 gross gain per share results in a net gain of $5.35 X 18 shares = $96.30 for a 9.6% net gain on a $1,018.80 investment.

Verizon Communications Inc. (VZ) shows a possible 9.6% net gain including a 4.43% dividend yield. 

Over the next year at this time, a $1000 investment in VZ could generate $44.30 in cash dividends. And a single share bought at yesterday's closing price was about $57! So, if VZ is your kind of communication services investment, their price is greater than the annual dividend income from $1,000 invested. This suggests that you wait for the VZ price to drop below $50 before adding these shares to your portfolio.

All of the estimates above are speculation based on the past history of Verizon Communications Inc. (VZ).  Only time and money invested in this stock will determine its worth.