Here's How Many Shares of Verizon Communications Stock You Should Own to Get $1,000 in Yearly Dividends
The great benefit of owning a high-yield dividend stock is that it doesn't take much to reach an important milestone with its payouts. That's one of the numerous attractions of Verizon Communications' (NYSE: VZ) shares, which currently have a yield that tips the scales at over 6%.As even the greenest income investor would admit, though, a lofty yield number isn't everything. We need to consider whether a high-yield dividend stock has other features that make it attractive. Here's my take on whether Verizon is such an investment. To get the headline's question out of the way, Verizon pays $0.6775 per share each quarter ($2.71 per year) in dividends. To earn $1,000 in dividend income from Verizon, you'd need to own 369 shares. Continue reading
The great benefit of owning a high-yield dividend stock is that it doesn't take much to reach an important milestone with its payouts. That's one of the numerous attractions of Verizon Communications' (NYSE: VZ) shares, which currently have a yield that tips the scales at over 6%.
As even the greenest income investor would admit, though, a lofty yield number isn't everything. We need to consider whether a high-yield dividend stock has other features that make it attractive. Here's my take on whether Verizon is such an investment.
To get the headline's question out of the way, Verizon pays $0.6775 per share each quarter ($2.71 per year) in dividends. To earn $1,000 in dividend income from Verizon, you'd need to own 369 shares.