How To Earn $500 A Month From Verizon Stock Ahead Of Q3 Earnings Results
Portfolio Pulse from Avi Kapoor
Verizon Communications Inc. (NYSE:VZ) is set to release its Q3 earnings on Oct. 22, with expected earnings of $1.18 per share and revenue of $33.43 billion. Verizon recently acquired spectrum licenses from United States Cellular Corporation (NYSE:USM) for $1 billion. Verizon offers a 6.16% annual dividend yield, translating to a quarterly dividend of 67.75 cents per share. Investors need approximately 2,214 shares to earn $500 monthly from dividends.
October 21, 2024 | 12:15 pm
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NEUTRAL IMPACT
United States Cellular Corporation has agreed to sell part of its spectrum licenses to Verizon for $1 billion. This transaction may impact USM's financials and strategic positioning.
The sale of spectrum licenses to Verizon is a significant transaction for US Cellular, but the immediate impact on its stock price is uncertain. The deal may improve USM's financial position but could also affect its operational capabilities.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Verizon is expected to report Q3 earnings of $1.18 per share and revenue of $33.43 billion. The company recently acquired spectrum licenses from US Cellular for $1 billion. Verizon's dividend yield is 6.16%, offering a quarterly dividend of 67.75 cents per share.
Verizon's upcoming earnings report and recent spectrum acquisition are likely to positively impact its stock price. The high dividend yield may attract income-focused investors, further supporting the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100