2024-04-04 20:52:24 ET
Summary
- Verizon Communications offers a well-covered 6% yield, making it a good choice for retirees relying on growing dividend income.
- The low dividend pay-out ratio leaves room for dividend growth in 2024 and provides a high margin of safety.
- The company's robust subscriber growth in the broadband business and low earnings multiple make it an attractive option for passive income investors.
Verizon Communications Inc. ( VZ ) is a free cash flow-strong Telco that supplies passive income investor with a well-covered 6% yield that can make a big difference for retirees that rely on growing dividend income from their passive income investments....
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Verizon: A High Margin Of Safety Investment With A 6.3% Yield