Verizon: Top Dog Of The Dow Candidate For 2024

Cain Lee
5.66K Followers

Summary

  • Verizon currently has a dividend yield over 7% while also showing undervaluation of +40% from a DCF perspective.
  • The "Dog of the Dow" strategy suggests that Verizon may be a good investment opportunity in 2024, with historical data supporting its viability.
  • Verizon's financials remain resilient, with strong free cash flow growth and debt reduction, and the company is well-positioned to benefit from the growing smartphone market.

Verizon Announces NFL Sunday Ticket From Youtube And YouTube TV Partnership

Mike Coppola

Overview

Verizon Communications (NYSE:VZ) delivers a comprehensive range of communication, technology, information, and entertainment products and services globally. The company operates through two key segments: Verizon Consumer Group and Verizon Business Group.

In the Consumer segment, Verizon offers

This article was written by

5.66K Followers
Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I create a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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