Verizon Communications Increases Dividend to $0.7075, Maintaining 6.1% Yield

Verizon Communications is increasing its dividend to $0.7075, resulting in a 6.1% dividend yield. The payment is feasible, with solid earnings coverage and a forecasted EPS growth of 39.8% over the next year. The company has a stable dividend history, with a 2.6% annual growth rate since 2016. However, the flat EPS over the past five years may limit future dividend growth. The dividend is reasonable, but investors should monitor the payout ratio.