Numbers Don't Lie: Verizon's Monster 6%-Yielding Dividend Is Extremely Safe and Secure

A high dividend yield can be a warning sign that the payout isn't safe. However, despite its 6% yield, Verizon's (NYSE: VZ) dividend remains very secure. The company's recent quarterly numbers show this clearly.Verizon recently reported strong second-quarter results, with revenue rising 5.3% to $34.5 billion and adjusted earnings increasing 6.1% to $1.22 per share. There were numerous positives during the period. Wireless service revenue grew 2.2% to an industry-leading $20.9 billion, while broadband and business wireless revenue also increased. Verizon added over 300,000 net mobility and broadband customers, with Fios gaining market share. The company benefited from several recent initiatives aimed at strengthening customer retention and attracting new ones. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool