Telecom giant Verizon (VZ) has been one of the top dividend stocks for years now, and for good reason. The company continues its magnificent growth, and VZ stock keeps delivering in terms of share price appreciation and dividend yield.
On Tuesday, Verizon reported adjusted Q4 earnings of 66 cents per share, way up from the 38 cents per share in the same quarter a year prior. Analysts were expecting EPS of 65 cents. Revenue in Q4 also impressed, coming in at $31.1 billion, also above expectations.
VZ stock currently pays a dividend yield of 4.4%, a stellar dividend stock payout that’s even more impressive when you factor in the 10% gain in the stock over the past 12 months. If we expand our look at this set-and-forget dividend stock to five years, we get a share price gain of nearly 60%. VZ stock is the kind of stable dividend payer that’s perfectly suited for the set-and-forget type.