Verizon (NYSE:VZ) trades lower as Starlink selloff overshadows July dividend
U.S. stock markets are closed Friday, July 3, for the Independence Day holiday, leaving Verizon Communications Inc. with no new trading as it heads into the long weekend. Income investors face a big question: is the 6% yield enough while new threats from SpaceX can erase several quarters of dividends in a week? The NYSE calls Friday a 2026 holiday. Verizon last traded at $42.56 as of Thursday’s close, up 1.36% that day but 8.55% lower over five days. Verizon’s Thursday bounce left the week’s trend in place. WSJ data show shares fell from $46.54 on June 26 to $42.56 on July 2. Between June 29 and July 2, about 232 million shares traded, an average of 58 million a day. That’s more than double the 65-day average volume of 26.56 million shares shown by MarketWatch.