Verizon dividend yield breaks 7% as VZ slides — what $1,000 a year in payouts now takes
Verizon Communications’ dividend yield climbed above 7% Tuesday when the stock hit $38.90, holding near that price on Wednesday. By early afternoon in New York, Verizon had risen roughly 1.6% to $39.65. Shares of AT&T and T-Mobile also edged higher. This shift is significant today because such a jump in yield typically reflects price changes, not increased payouts. Dividend yield equals the annual cash payment per share divided by the stock price, so if shares drop, the yield can spike sharply without the company altering its dividend.
