Verizon Communications (NYSE:VZ) — This major communications company provides wireless and wireline products and services to government, industry and individuals across the United States. Earnings are expected to grow to $2.81 next year, up from $2.51 in 2012.
The communications sector has been one of the strongest this year, and VZ has been a leader of the group. Strong operating margins and network quality are expected to attract customers to its 3G and 4G networks.
For additional fundamental information see June’s Top 10 Dow Dividend Stocks. I also chose VZ as one of my Top 6 Stocks to Buy in February with a target of $44.
Although it achieved that target this month, we’ve increased our target to the high $40s with a buy under price of $42. With a dividend yield of 4.5%, it is a superb high-yield choice in a difficult market.
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