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Verizon's CEO Calls Its 6.6% Dividend "Sacrosanct." How Safe Is It Really?
The Motley Fool· 2025-12-13 05:28
In times of falling interest rates, is this 6.6% yield on a blue chip company too good to be true?"Sacrosanct." That's the word that Daniel Schulman, CEO of Verizon Communications (VZ +1.67%), used to describe his company's 6.6% dividend at its third-quarter earnings conference. Sure enough, the company has grown its payouts for 19 years running, a period that includes the bear market of 2022, the pandemic of early 2020, and the 2008-to-2009 financial crisis.But while the dividend increases came every year, ...