Favoring the highest paying dividend stocks is an excellent way to invest, but it is not a foolproof way to invest. It is very beneficial to study each of the highest paying dividend stocks in more detail to determine if that stock is also one of the best dividend stocks. In this report, we will be looking at Verizon Communications in a little more detail.
Verizon (VZ) is a communications company that provides communications, information, and entertainment products & services to consumers, businesses, and governmental agencies. VZ operates in two basic segments: Wireless and Wireline.
VZ is headquartered in New York, New York. And it provides its products and services to consumers in the United States, as well as to carriers, businesses, and government customers both in the United States and around the world.
VZ is a well-run company that is consistently profitable and consistently cash flow (and free cash flow) positive. Its dividend is generous and safe. And its other price multiples are at moderate levels. Its growth outlook is not fantastic, but it is at least decent.
VZ’s equity-to-assets ratio is a leading misleading. This can sometimes happen when a firm has very low business risk and a paper thin equity-to-asset-ratio. VZ’s finances are actually in pretty good shape, although for now, officially, we consider its finances NM (i.e. not meaningful).
On April 13th, 36,000 Verizon workers went on strike. Strikes have happened (before about five years ago). We are not happy about this strike, but it is also nothing to be too concerned about. This strike is not good for the short-term outlook for VZ, but we feel it will have little impact on the long-term outlook of this company.
VZ is not a perfect company and it does not earn our highest grade for its overall fundamentals. But it definitely earns an above average grade. We like this company very much. We consider it one of the best stocks to buy now.
Stat Sheet – Verizon Communications, Inc. 4/26/16
|Market Cap||$ 205,392|
|Price Volatility||Below Average|
(Our assessment of this firm’s fundamentals will be in effect for the rest of calendar year 2016.)
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