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Verizon dividend yields near 6.1% backed by over $20B free cash flow
Verizon generated more than $20 billion in free cash flow over the trailing 12 months, covering about $12 billion in dividends and supporting potential future dividend increases.
Yahoo Finance highlights Verizon Communications (VZ) as a cash-flow focused dividend option for retirees, citing a dividend yield close to 6.1%. The article notes Verizon's shares have risen 14% this year after a multi-year pullback.
The piece says rising interest rates have weighed on many telecom stocks, but Verizon continues to generate substantial cash for shareholders through its dividend. It adds that Verizon's trailing 12 month free cash flow totaled more than $20 billion.
According to the article, the company paid roughly $12 billion in dividends during that same trailing period, implying coverage of its dividend obligations by operating cash generation. It also points to lower share-price volatility, with a five-year beta of 0.23, suggesting smaller swings than the overall market.
The article also names Medtronic (MDT) and Duke Energy (DUK) among the other high-yielding dividend stocks it says retirees may consider, though the provided text includes fuller detail only for Verizon before cutting off.