Verizon: Raised Guidance, 1.75X Coverage, Strong Yield

Verizon (NYSE: VZ ) reported better-than-expected earnings and revenue for the second fiscal quarter as the telecom benefited from strong acquisition momentum in the broadband segment. Verizon also raised its free cash flow outlook for FY 2025, which implies a dividend coverage ratioAnalyst’s Disclosure:I/we have a beneficial long position in the shares of VZ, T either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving co ...