While many stocks are being battered by the pandemic Verizon is a model of stability
In a time of pandemic, stocks that are good for their
dividend are shelter from the storm. Verizon Communications (NYSE:VZ) stock is
such a shelter.
Its first-quarter report offered earnings of $1 per share,
and cash flow of $8.8 billion, on revenue of $21.8 billion. That’s more than
enough to justify the 65-cent-per-share dividend, yielding 4.27%.
The stock, however, is doing nothing. It opened April 27 at
about $58 per share, $3/share less than the start of the year. But when the
alternative is a government bond yielding 1.17%, it may be where you want to
go.
Only speculators would look to make big money in a pandemic
market. Stocks are just as likely to plummet from here as rise.
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