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Verizon's High Dividend Yield Comes With Caution as Earnings Decline

  • Verizon Communications is set to trade ex-dividend on October 6th, with a dividend payment of $0.67 per share on November 1st.

  • The company had a trailing dividend yield of approximately 8.2% and payout ratio of 52% last year.

  • Verizon's earnings per share have declined 7.5% per year over the past five years.

  • The company paid out more than three-quarters of its free cash flow last year to fund the dividend.

  • Verizon's dividend appears sustainable for now, but earnings and cash flow declines are concerning for dividend growth.

yahoo.com
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