How To Earn $500 Per Month From Verizon (NYSE: VZ) Stock
Portfolio Pulse from Shankar Iyer
Verizon Communications Inc. (NYSE:VZ) closed at $37.50 with a market cap of $157.65 billion after a favorable trading session on Nov. 28. The stock's 52-week range is $30.135 to $44.73, and it has a dividend yield of 7.24%. Verizon paid $8.2 billion in dividends from January to September, slightly higher than the previous year. Mairs & Power and institutional investors like Julius Baer & Co., Moneta Group, Norges Bank, Morgan Stanley (NYSE:MS), and Arrowstreet Capital have increased their holdings in Verizon. To earn $500 per month from Verizon's dividends, an investment of approximately $82,873 is needed, equating to 2,210 shares at $37.50 each.
December 01, 2023 | 4:33 pm
News sentiment analysis
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POSITIVE IMPACT
Verizon's stock closed favorably and offers a high dividend yield of 7.24%, with increased dividends paid this year. Institutional investors are bullish on the stock, which could indicate confidence in its stability and potential growth.
The positive sentiment from institutional investors and the high dividend yield could attract more investors seeking income, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Morgan Stanley (NYSE:MS) is one of the institutional investors that have increased their holdings in Verizon, indicating a positive outlook on the stock.
While Morgan Stanley's increased investment in Verizon is a positive sign, it is not the sole factor that would drive Morgan Stanley's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50