UBS Maintains a 'Buy' on Verizon Communications (VZ); Dividend Increase is First Catalyst
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Price: $50.87 -1.32%
Rating Summary:
15 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
15 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade VZ Now!
UBS maintains a 'Buy' on Verizon Communications (NYSE: VZ) price target of $48.00.
Analyst, John C. Hodulik, commented on the company's recent dividend announcement.
On September 6, 2012, Verizon Communications declared a quarterly dividend of $0.515 per share, or $2.06 annualized. This is a 3% increase from the prior dividend of $0.50. The dividend will be payable on November 1, 2012, to stockholders of record on October 10, 2012, with an ex-dividend date of October 5, 2012. The annual yield on the dividend is 4.7%.
For an analyst ratings summary and ratings history on Verizon Communications click here. For more ratings news on Verizon Communications click here.
Shares of Verizon Communications closed at $44.15 yesterday, with a 52 week range of $34.65-$46.41.
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Analyst, John C. Hodulik, commented on the company's recent dividend announcement.
On September 6, 2012, Verizon Communications declared a quarterly dividend of $0.515 per share, or $2.06 annualized. This is a 3% increase from the prior dividend of $0.50. The dividend will be payable on November 1, 2012, to stockholders of record on October 10, 2012, with an ex-dividend date of October 5, 2012. The annual yield on the dividend is 4.7%.
For an analyst ratings summary and ratings history on Verizon Communications click here. For more ratings news on Verizon Communications click here.
Shares of Verizon Communications closed at $44.15 yesterday, with a 52 week range of $34.65-$46.41.
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