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Is Verizon Communications Inc. (VZ) One of the Best Safe Stocks to Buy for a Starter Stock Portfolio?
Yahoo Finance· 2026-03-12 06:48
Financial Strategy - Verizon Communications Inc. is transitioning from a typical network-engineering approach to a customer-driven approach as discussed by CEO Dan Schulman at the Morgan Stanley Technology, Media, and Telecom Conference 2026 [1] Financial Performance and Projections - Verizon anticipates at least 7% growth in cash flow this year, reaching $21.5 billion [2] - The company aims to increase net postpaid phone subscriptions by 750,000 to 1 million and broadband net additions by more than 1 million, while lowering churn by at least 5 basis points [2] - To enhance shareholder returns, Verizon plans annual dividend increases and a $25 billion share repurchase program over three years [2] Strategic Acquisitions - The acquisition of Frontier Communications is expected to broaden Verizon's fiber footprint and enable packaged broadband and wireless services, potentially reducing dropouts by approximately 40% [3] Market Position - Verizon Communications Inc. is recognized as a leading provider of technology, entertainment, and communication services worldwide [3]