As the stock market shows signs of recovery, investors are encouraged to look into high-yield dividend stocks, particularly Verizon, IVZ, and UPS, which remain below their all-time highs. Despite market volatility, notably related to geopolitical tensions, these stocks offer potential value for income investors. Verizon stands out with a 6.5% yield and strong subscriber retention strategies. Analysts believe that the company’s efforts in wireless services and upcoming AI-enabled devices will boost its market position, making it a notable choice for those looking to dive back into dividends as summer progresses.
With the stock market recovery in full swing, investors may be wondering if it's time to get back in the higher-yielding dividend plays that are still well off their all-time highs.
Verizon (NYSE:VZ) stock is arguably the timeliest dividend stock as June comes to a close, yielding a lofty 6.5% after having gained more than 17% in two years.
According to Citigroup analyst Michael Rollins, Verizon's management team has been paying extra attention to retaining existing subscribers, enabling the industry juggernaut to regain considerable market share.
With a new slate of AI-enabled devices on the horizon, Verizon's focus on innovation and market retention positions it advantageously for future growth.
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