Think It's Too Late to Buy Verizon? Here's the Biggest Reason Why There's Still Time.
Verizon (NYSE: VZ) has gone on a nice run over the past several quarters. Shares of the telecom giant are up about 33% since late 2023. That has outperformed the S&P 500's (SNPINDEX: ^GSPC) more than 20% rally during that period. You might be wondering if it's too late to invest in Verizon. Here's why you still have plenty of time to buy the telecom stock.Verizon has spent the past several years investing heavily in building out faster 5G and fiber networks to better compete with rivals like AT&T. That heavy investment phase put some pressure on its balance sheet as its leverage ratio rose. That caused concerns about whether Verizon could continue paying and growing its lucrative dividend (more than 6% current yield and 18 years of growth). Continue reading
Verizon (NYSE: VZ) has gone on a nice run over the past several quarters. Shares of the telecom giant are up about 33% since late 2023. That has outperformed the S&P 500's (SNPINDEX: ^GSPC) more than 20% rally during that period.
You might be wondering if it's too late to invest in Verizon. Here's why you still have plenty of time to buy the telecom stock.
Verizon has spent the past several years investing heavily in building out faster 5G and fiber networks to better compete with rivals like AT&T. That heavy investment phase put some pressure on its balance sheet as its leverage ratio rose. That caused concerns about whether Verizon could continue paying and growing its lucrative dividend (more than 6% current yield and 18 years of growth).
