Verizon: Don't Let The Skeptics Fool You, This Dividend Stock Is Going Higher

Verizon is a buy for long-term income investors, driven by aggressive leadership, improving execution, and a forward P/E under 9x.

VZ delivered strong Q2 results: EPS up 6.5%, record EBITDA margin of 40.1%, and raised full-year guidance for EPS and free cash flow. Management expects 6–7% EPS growth and 9–10% free cash flow growth for 2024, supporting a safe 6.4% dividend yield and future increases.

Short-term upside may be limited by macro risks and elevated debt, but multiple expansion to 12–13x is likely as economic clarity improves.

I've been excited about Verizon (VZ) ever since it appointed Dan Schulman as CEO. In my opinion, the company needed a more decisive leader to improve execution and unlock shareholder value.