ASX:BTL.AX 24 January 2026

June 30, 2026, 10:06 AM EDT. Verizon Communications lost its spot on the Dow Jones Industrial Average as of June 29. The move came as the index adjusts for more tech exposure, adding stocks like Alphabet. Index fund selling put pressure on Verizon shares, which have dropped 8% in the last month. Even so, Verizon still offers a high 6.4% dividend yield, well above the S&P 500's 1.1%. The stock trades at about 11 times earnings, leaving it on the watchlist for dividend seekers. Analysts remain cautious, but they're not ready to count Verizon out.