How To Earn $500 A Month From Verizon Stock
Portfolio Pulse from Avi Kapoor
Verizon Communications Inc. (NYSE:VZ) plans to acquire Frontier Communications Parent, Inc. (NASDAQ:FYBR) for $20 billion. Verizon offers a 6.02% annual dividend yield, translating to $2.71 per share annually. To earn $500 monthly from dividends, an investment of approximately $99,741 is needed. Verizon's stock fell 0.4% to $45.05, but Tigress Financial raised its price target to $55.
October 03, 2024 | 12:26 pm
News sentiment analysis
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POSITIVE IMPACT
Frontier Communications is being acquired by Verizon for $20 billion. This acquisition could impact Frontier's operations and market position.
The acquisition by Verizon is a major development for Frontier, potentially affecting its operations and market strategy. This could lead to changes in its stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Verizon's acquisition of Frontier for $20 billion and its 6.02% dividend yield are key highlights. Despite a recent 0.4% stock price drop, Tigress Financial raised its price target to $55.
Verizon's acquisition of Frontier is a significant move, potentially enhancing its market position. The high dividend yield makes it attractive for income-focused investors. Despite a slight stock price drop, the raised price target by Tigress Financial suggests positive sentiment.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90