Should You Buy This Nearly 7%-Yielding Dow Jones Stock for Dividend Income?

Key Points Verizon generates more than enough cash to cover its high-yielding dividend. The company has a plan to reinvigorate growth. The telecom company has an ironclad commitment to its dividend. 10 stocks we like better than Verizon Communications › Verizon (NYSE: VZ) is an outlier in the Dow Jones Industrial Average. Its nearly 7% yield is by far the highest in the 30-stock index, where the average is 1.7% (Chevron is the next highest at 4.3%). A high dividend yield can be a sign of trouble, ...