Tuesday, September 11, 2018

Verizon: Near Perfect Dividend Hike

Verizon made a near perfect dividend hike of 2.1%.
The forward dividend yield is now about 4.5%.
The wireless company has annual dividend payout obligations of nearly $10 billion.
Exiting the media business would allow Verizon to avoid the tech wars.
Last week, Verizon Communications (VZ) increased the dividend for the 12th consecutive year. Investors wanted a bigger hike due to higher cash flows from tax reform, but this dividend hike was the perfect amount to not lose shareholders while preserving cash for the coming tech war.
 Read the full article on Seeking Alpha. 

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