Verizon’s dividend payout is the highest in the Dow Jones Industrial Average, and it shows no signs of being cut

  • Verizon has the highest dividend yield in the Dow Jones Industrial Average
  • Walgreens Boots Alliance recently cut its dividend, leaving Verizon with the highest payout
  • Verizon has a history of increasing its dividend for 17 consecutive years
  • Verizon’s dividend payout appears to be stable and not in danger
  • Analysts believe Verizon’s stock will benefit from falling leverage and improving sales

Verizon Communications now holds the highest dividend yield in the Dow Jones Industrial Average, surpassing Walgreens Boots Alliance. While Walgreens recently cut its dividend, Verizon has a history of increasing its dividend for 17 consecutive years. The company’s dividend payout appears to be stable and not in danger. Analysts also believe that Verizon’s stock will benefit from falling leverage and improving sales.

Public Companies: Verizon Communications (VZ), Walgreens Boots Alliance (WBA), AT&T (T)
Private Companies:
Key People: Hans Erik Vestberg (Chief Executive Officer), Anthony Skiadas (Chief Financial Officer)

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Factuality Level: 8
Justification: The article provides information about Walgreens Boots Alliance’s decision to slash its dividend and how it affects Verizon Communications. It also discusses the concept of dividend yields and the sustainability of high dividend yields. The article includes quotes from Verizon’s CEO and CFO regarding the company’s dividend commitment. It mentions that AT&T also has a high dividend yield. The article concludes by mentioning that analysts have upgraded their ratings for Verizon and expect the company to return to growth.

Noise Level: 6
Justification: The article provides information about Walgreens Boots Alliance’s decision to slash its dividend and how it affects Verizon Communications. It discusses the significance of high dividend yields and the sustainability of such yields. It also mentions Verizon’s dividend history and statements from its CEO and CFO. The article briefly mentions AT&T’s dividend yield and includes analyst opinions on Verizon’s stock. Overall, the article stays on topic and provides relevant information, but it lacks in-depth analysis and actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: Verizon Communications

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the dividend payout of Walgreens Boots Alliance and its impact on Verizon Communications. It highlights that Verizon now has the highest dividend yield in the Dow Jones Industrial Average. While Walgreens’ dividend cut may raise concerns, Verizon’s dividend payout is considered to be stable and the company has a strong track record of dividend increases. The article also mentions that analysts have upgraded their ratings on Verizon, expecting the company to return to growth.

Reported publicly: www.marketwatch.com