A portfolio of stocks I've been building since September 3, 2019, is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fourth of five communication services sector stocks striving to join my Volio folio. This could be my twenty-ninth pick for Volio!

That communication services sector includes seven industries all related to delivering messages to and from us. Those Communication services industries are: advertising agencies; broadcasting; electronic gaming and multimedia; entertainment; internet content and information; publishing; telecom services.

My subject today is a large-cap telecom services company named, Verizon Communications Inc Their trading ticker symbol is VZ. This is my second report about Verizon Communications Inc. Most recently I review the firm on September 7, 2018, for my IVY portfolio.

Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). 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 has a strategic partnership with HERE Technologies and Dignitas, and Emory Healthcare to develop and test 5G Ultra Wideband-enabled use cases.

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

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

I use three key data points to gauge dividend equities or funds like Verizon Communications Inc (VZ):

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

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

VZ Price

Verizon's price per share closed at $54.00 yesterday. A year ago their price was $58.07. Thus, in the past year, their market price dropped $4.07 or just about 7%.

Assuming Verizon's stock trades in the range of $50 to $60 this next year, its recent $54.00 price might rise by $4.00 to reach $58.00  by March 19, 2021, assuming upward price momentum continues.

VZ Dividends

Verizon's latest declared quarterly dividend was $0.615 payable May 1. That $0.615 Q dividend results in an annual payout of $2.46 per share to yield 4.56% at yesterday's $58.00 share price.

VZ Gains?

Adding the $2.46 annual estimated dividend to my $4.00 estimate of Verizon Communications Inc (VZ) price upside shows a $6.46 potential gross gain, per share, which will be reduced by any costs to trade those shares.

Put a little over $1,000.00 today invested in Verizon at its recent $54.00 price, would buy 59 shares of VZ.

A $10 broker fee paid half at purchase and half at sale could cost us  $0.53 per share.

Subtract that $0.53 brokerage cost from my estimated $6.46 gross gain per share results in a net gain of $5.93 X 19 shares = $112.67 or an 11.25% net gain on a $1,026.00 investment.

Therefore, Verizon Communications Inc, whose trading ticker symbol is VZ shows a possible 11.5% net gain including a 4.56% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to learn if Verizon Communications Inc is worth your time and money.