Workflow
Why I Continue Buying Shares of This Healthy and Secure 6.7%-Yielding Dividend Stock
VZVerizon(VZ) The Motley Fool·2024-04-28 09:01

Verizon's big-time dividend is on an increasingly sustainable foundation.Verizon (VZ 1.17%) pays a monster dividend. The telecom giant yields 6.7%, several times above the S&P 500's 1.4% dividend yield.On one hand, a high dividend yield is often a warning sign that the payout is at a higher risk of getting cut if market conditions deteriorate. However, that couldn't be farther from the truth for Verizon's healthy and secure dividend. That's one of the many reasons I continue to buy shares of the big-time di ...