Vz stock ex dividend?
VZ 's annual dividend is $2.66 per share. This is the total amount of dividends paid out to shareholders in a year.
Verizon's upcoming ex-dividend date is on Jan 09, 2024. Verizon shareholders who own VZ stock before this date will receive Verizon's next dividend payment of $0.67 per share on Feb 01, 2024. Add VZ to your watchlist to be reminded before Verizon's ex-dividend date. When is Verizon dividend payment date?
With its 4-star rating, we believe Verizon's stock is undervalued compared with our long-term fair value estimate of $54 per share, which equates to roughly 8 times our 2024 EBITDA forecast. That valuation also implies an 8.2% free cash flow yield based on the firm's performance in 2023.
The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value. Investors who purchase stock before the ex-dividend date are entitled to the next dividend payment while those who purchase stock on or after the ex-dividend date are not.
Because the price of a security drops by about the same value of the dividend, buying it right before the ex-dividend date shouldn't result in any gains. Similarly, investors buying on or after the ex-dividend date get a "discount" on the security price to make up for the dividend they won't be receiving.
(NYSE, Nasdaq: VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2023, to Verizon shareholders of record at the close of business on October 10, 2023.
Ticker | Company | Dividend Yield |
---|---|---|
ARI | Apollo Commercial Real Estate Finance Inc | 12.12% |
CVI | CVR Energy Inc | 11.95% |
CIVI | Civitas Resources Inc | 10.95% |
INSW | International Seaways Inc | 10.23% |
With its modest valuation, the dividend's yield is 7.1%, which is a payout that is close to five times the S&P 500 average of 1.5%. Investors are getting some good dividend income from Verizon's stock. And over the years, the company has also increased its payouts.
Year | Prediction | Change |
---|---|---|
2025 | $ 41.19 | -1.64% |
2026 | $ 40.51 | -3.26% |
2027 | $ 39.85 | -4.84% |
2028 | $ 39.19 | -6.41% |
Do you buy before ex-dividend date?
The stock price drops by the amount of the dividend on the ex-dividend date. Remember, the ex-dividend date is the day before the record date. If investors want to receive a stock's dividend, they have to buy shares of stock before the ex-dividend date.
Ans: Yes, as an investor, you can sell your shares on the ex-dividend date and still get the company's dividend.
If shares are sold on or after the ex-dividend date, they will still receive the dividend. When you purchase shares, your name does not automatically get added to the record book—this takes about three days from the transaction date.
If you buy stocks one day or more before their ex-dividend date, you will still get the dividend. That's when a stock is said to trade cum-dividend, or with dividend. If you buy on the ex-dividend date or later, you won't get the dividend. The ex-dividend date is in place to allow pending stock trades to settle.
While the dividend history of a given stock plays a general role in its popularity, the declaration and payment of dividends also have a specific and predictable effect on market prices. After the ex-dividend date, the share price of a stock usually drops by the amount of the dividend.
You must have acquired your shares before the ex-dividend date in order to receive a dividend. If you acquired your shares on or after the ex-dividend date, the previous owner will receive the dividend. Sell your shares on or after the Ex-Dividend Date and you'll receive the dividend.
For fourth-quarter 2023, Verizon reported earnings per share of $(0.64), compared with earnings per share of $1.56 in fourth-quarter 2022. On an adjusted basis1, excluding special items, EPS was $1.08 in fourth-quarter 2023, compared with adjusted EPS1 of $1.19 in fourth-quarter 2022.
Total debt on the balance sheet as of September 2023 : $172.07 B.
Stock Price Forecast
The 25 analysts offering 12-month price forecasts for Verizon Communications Inc have a median target of 45.00, with a high estimate of 49.00 and a low estimate of 32.15. The median estimate represents a +7.04% increase from the last price of 42.04.
Stock | Implied upside from Dec. 29 Close | Forward dividend yield |
---|---|---|
Home Depot Inc. (HD) | 1.0% | 2.4% |
Procter & Gamble Co. (PG) | 18.7% | 2.6% |
AbbVie Inc. (ABBV) | 27.1% | 4.4% |
Coca-Cola Co. (KO) | 10.3% | 3.1% |
What is the safest dividend stock?
Kinder Morgan (NYSE: KMI), Equinix (NASDAQ: EQIX), and Lockheed Martin (NYSE: LMT) are three super-safe dividend stocks because they generate contractually secured cash flow and have strong financial profiles. That makes them great options for those seeking to fortify their dividend income in 2024 and beyond.
At its current share price and payout level, Ford offers a high-yielding dividend. The automaker has a spotty track record of paying dividends. While the company has some growth drivers, its future also has some significant question marks.
Overall, Verizon's ongoing share price decline, driven by a capital-intensive business model and soaring debt, has raised concerns about its generous dividend. The company's reliance on debt to fund essential investments, coupled with rising interest rates, threatens the sustainability of its payouts.
The intrinsic value of one VZ stock under the Base Case scenario is 55.68 USD. Compared to the current market price of 42.05 USD, Verizon Communications Inc is Undervalued by 24%. What is intrinsic value?
Verizon is a consistently profitable enterprise. In the latest quarter, the business reported adjusted earnings per share of $1.22, which is almost double the quarterly dividend payout of $0.67. And through the first nine months of 2023, Verizon generated $14.6 billion of free cash flow.
References
- https://www.tsinetwork.ca/daily-advice/dividend-stocks/ex-dividend-date-investing-strategy/
- https://www.5paisa.com/blog/ex-date-vs-record-date
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- https://www.sellmyshares.com.au/information/should-i-wait-for-a-dividend-before-i-sell-my-shares/
- https://finance.yahoo.com/news/3-super-safe-dividend-stocks-101400049.html
- https://www.fool.com/investing/2023/12/28/does-fords-48-yielding-dividend-make-it-a-top-inco/
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