Verizon dividend yield at ‘by far’ its highest level in a decade, and a hike could be imminent
August 24, 2022 at 15:38 PM EDT
The pullback in Verizon Communications Inc.'s stock this year has brought its dividend yield to "by far" its highest level in 10 years at 5.8%, and Morgan Stanley analyst Simon Flannery expects that the company will increase its dividend payout shortly.
