Verizon: A High Margin Of Safety Investment With A 6.3% Yield

photobyphmVerizon Communications Inc. (NYSE:VZ) is a free cash flow-strong Telco that supplies passive income investor with a well-covered 6% yield that can make a big difference for retirees that rely on growing dividend income from their passive income investments. Though some investors see Verizon Communications’ considerable balance sheet debt as a burden, I think that the low dividend pay-out ratio leaves substantial room for dividend growth in 2024 and translates into a very high margin of safety. ...