Summary Report: Verizon Communications
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Verizon Communications Inc. (VZ) was incorporated in 1983 and is headquartered in New York, New York
Through its subsidiaries, Verizon provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.
The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000.
Three key data points gauge Verizon or any dividend paying entity, namely:
(1) Price
(2) Dividends
(3) Returns
Those three keys also show if any company has made, is making, and will make money.
VZ Price
Verizon’s share price increased over 13.3% in the past year from $40.42 to $43.14 as of Thursday’s closing price.
VZ Dividends
Verizon has paid quarterly dividends since February, 1986. The current forward looking annual dividend of $2.71 yields 6.28% per Thursday’s $43.14 closing price.
VZ Returns
Putting it all together, a $7.57 estimated gross gain per share shows up when adding Verizon’s annual $2.71 dividend to an estimated $4.86 annual price gain estimated by 5 analysts, totaling that $7.57 gross gain.
A little under $1000 invested at the recent $43.14 price would buy 23 shares which, multiplies the $7.57 gross gain total to $174.11.
Furthermore, about 36% of that $175 gain comes from the $62.80 in dividends generated from your $1,000 investment, and the $62.80 amounts to almost 1.5 times more then the recent $43.14 single-share price.
(A dividend dogcatcher rule is to only buy a stock that pays an annual dividend from $1000 invested that is greater than the cost of a single share.)
Therefore, you may choose to pounce on Verizon and its 6.28% dividend yield along with its 39 year dividend record.
The exact track of Verizon future share prices and dividends will entirely be determined by market action and company finances.
Remember the best way to track stock performance and dividend payments is through direct ownership of company shares.
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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...
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