Verizon Is Slashing 13,000 Jobs. Is This a Sign the Dividend May Be in Trouble?

The company's new CEO is looking to make some drastic cuts right out of the gate.A key reason investors may want to buy shares of Verizon Communications (VZ +0.71%) is for its dividend. Not only does the telecom giant offer a mouthwatering yield of 6.7%, but it has also increased its payout for 19 straight years. For income investors, there can be a lot of value in holding on to the stock for the long term.But often when a yield is this high, investors question whether it's really safe. If a dividend ends u ...