TMUS - Verizon: Low Growth Shouldn't Worry Income Investors With A 6.6% Yield
2024-06-22 08:30:00 ET
Summary
- Verizon stock boasts a forward dividend yield of 6.6%.
- Income investors are likely underpinning its robust consolidation zone above the $40 level.
- Verizon is focusing on convergence and GenAI opportunities to drive growth in its consumer business.
- Verizon might not attract growth investors. However, it's still a fundamentally strong company.
- I explain why income investors shouldn't be too concerned, supporting VZ's valuation.
Verizon Stock: Strong Support Above $40
In my previous Verizon Communications ( VZ ) article, I highlighted that VZ appeared to have consolidated well above the $40 support level. I indicated that VZ's recovery has remained intact , suggesting that the worst is likely over....
Verizon: Low Growth Shouldn't Worry Income Investors With A 6.6% Yield