Futures are pointing to solid gains this morning after yesterday’s gains. Hope is fueling the fire as U.S. lawmakers try to reach a deal on coronavirus stimulus relief by the end of the week. The Dow and the S&P 500 are on track for their fourth straight day of gains as the Nasdaq is headed for a six-day winning streak.
Today we are looking at a 5G winner…
one of the top telecom companies in America…
And…
its dividend payout has been climbing for the past 13 straight years.
Here are a few reasons why Verizon Communications Inc. (VZ) should not be overlooked by long term investors…
- 5G networks are just starting to roll out, which should lead to millions more connected devices. Verizon Communications Inc. (VZ) stands to expand its reach and increase its revenue as the roll out continues.
- Now that its low cost competitors T-Mobile and Sprint have merged the opportunity for VZ margin expansion is there.
- VZ trades at just 12 times forward earnings.
- VZ pays a dividend yield of 4.3% and has raised its dividend for the past 13 years.
