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published in Blogs
Jul 07, 2023

Verizon Communications (VZ) on Track to Pay Dividends for Q3 2023, Steady Yield Expected

Verizon Communications (VZ), one of the largest telecommunication companies in the United States, is anticipated to maintain its steady dividends distribution this year. The company has declared a dividend of $0.65 per share for the third quarter, which will be paid on August 1, 2023. The record date set for this dividend payment is August 1, 2023, while the ex-dividend date is July 7, 2023. This dividend declaration mirrors the $0.65 per share distributed in the previous quarter, paid on May 1, 2023.

Understanding Dividends Dates

For the uninitiated, the importance of the ex-dividend date is crucial in the dividends distribution process. This date is usually set a few business days before the record date and plays a significant role in determining who is eligible to receive the dividend. If an investor purchases the stock on its ex-dividend date or later, they will not receive the upcoming dividend. Instead, this dividend will be paid to the seller. Conversely, if the stock is bought before the ex-dividend date, the investor will be eligible to receive the dividend.

Earnings Analysis and Dividend Yield

As the dividend amount remains consistent from the last quarter, it reflects Verizon's stable cash flows and its commitment to rewarding shareholders. This steady dividend policy mirrors the company's consistent financial performance and demonstrates the firm's confidence in its sustained profitability.

Investors keen on income-focused investment strategy will be interested in Verizon's dividend yield. The dividend yield, a financial ratio that indicates how much a company pays out in dividends each year relative to its stock price, is a key indicator of the return on investment for a stock. Given Verizon's steady dividend payments, it may be a suitable candidate for such investors seeking regular income.

Concluding Thoughts

In a competitive and rapidly evolving telecommunications market, Verizon's steady dividends highlight its financial robustness and commitment to shareholder returns. This consistency provides a certain degree of assurance to income-focused investors, especially in an era of low-interest rates where finding stable income sources can be challenging.

Nonetheless, prospective investors should not make decisions based solely on dividends. It's also essential to consider other fundamental factors such as the company's earnings growth, balance sheet strength, and market position.

The announcement of Verizon's upcoming dividend payment reflects positively on the company's stable financial position. It will be interesting to observe if the firm can continue this positive trend in future quarters and if it will consider increasing dividends as a way of rewarding its shareholders further.

Related Ticker: VZ

VZ sees MACD Histogram just turned negative

VZ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 15, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 54 instances where the indicator turned negative. In of the 54 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for VZ moved out of overbought territory on September 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on VZ as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

VZ moved below its 50-day moving average on September 18, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where VZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

VZ broke above its upper Bollinger Band on August 29, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The 10-day moving average for VZ crossed bullishly above the 50-day moving average on September 06, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 22 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VZ advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 204 cases where VZ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.475) is normal, around the industry mean (6.057). P/E Ratio (6.680) is within average values for comparable stocks, (136.151). Projected Growth (PEG Ratio) (6.326) is also within normal values, averaging (9.904). Dividend Yield (0.078) settles around the average of (0.117) among similar stocks. P/S Ratio (1.041) is also within normal values, averaging (68.171).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. VZ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. VZ’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.

Notable companies

The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 14.45B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was -0%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -1%. FUIG experienced the highest price growth at 73%, while FNGR experienced the biggest fall at -35%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was 2%. For the same stocks of the Industry, the average monthly volume growth was 4% and the average quarterly volume growth was 6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 58
Price Growth Rating: 51
SMR Rating: 67
Profit Risk Rating: 79
Seasonality Score: -21 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of wired and wireless telecommunication services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Major Telecommunications
Address
1095 Avenue of the Americas
Phone
+1 212 395-1000
Employees
117100
Web
https://www.verizon.com
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VZ and

Correlation & Price change

A.I.dvisor indicates that over the last year, VZ has been closely correlated with T. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if VZ jumps, then T could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To VZ
1D Price
Change %
VZ100%
+0.64%
T - VZ
67%
Closely correlated
+2.20%
BCE - VZ
47%
Loosely correlated
-0.07%
CMCSA - VZ
46%
Loosely correlated
-0.50%
FYBR - VZ
46%
Loosely correlated
+4.23%
TMUS - VZ
45%
Loosely correlated
-0.28%
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