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Verizon Communications (NYSE:VZ)Dividend Yield: 4.38%

Zooming in on society here in the states, another once-luxury has arguably become a necessity (or maybe an addiction): our cell phones. And whether you have an Apple (AAPL) iPhone or a Samsung (SSNLF) Galaxy doesn’t matter — a telecom has to provide the service behind-the-scenes.

One such company, of course, is Verizon (VZ). The company is already the largest mobile provider in the U.S., and has been eagerly eyeing expansion into Canada of late. That’s likely part of the reason why analysts expect double-digit annualized growth from the stock over the next half decade, and why median price targets give it 17% upside.

Still, regardless of whether such expansion happens, investors can rest easy with the company’s solid dividend. Verizon began rewarding loyal shareholders in 1984 and has boosted its quarterly payout by 34% over the past decade.

Right now, the 51-cent dividend rings up a 4.4% yield. Plus, Verizon’s solid business has grown revenues for 10 straight quarters and cranks out $31 billion in annual operating cash flow — both good signs the payouts will keep coming.

As of this writing, Alyssa Oursler was long MCD. Follow her on Twitter: @alyssaoursler.

Article printed from InvestorPlace Media,

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