Verizon: Another Harmful Dividend Hike
VZVerizon(VZ) Seeking Alpha·2024-09-10 02:45
J Studios/DigitalVision via Getty Images The biggest complaint about Verizon Communications Inc. (NYSE:VZ) for years now has been the weak balance sheet. The wireless giant constantly places too much emphasizes into hiking the dividend annually and the BoD didn't fail to disappoint last week with a dividend hike and a large cash acquisition thrown on top. My investment thesis remains Neutral on the stock, with the balance sheet again stressed by these moves. Source: Finviz Dividend Just when Verizon was ...