So I bought 33 shares of Verizon Communications Inc. (VZ).
"Verizon Communications Inc. (Verizon) is a holding company. Through its subsidiaries, Verizon is engaged in delivering broadband and other wireless and wireline communications services to consumer, business, Government and wholesale customers. The Company operates through two segments: Wireless and Wireline. Verizon Wireless’s communications products and services include wireless voice and data services and equipment sales. Wireline’s communications products and services include voice, Internet access, broadband video and data, Internet protocol network services, network access, long distance and other services. As of June 30, 2014, the Company had 104.6 million retail connections, including 98.6 million retail postpaid connections. Verizon also provides converged communications, information and entertainment services over America’s fiber-optic network, and delivers integrated business solutions to customers in approximately 150 countries."
Verizon (VZ) has been increasing dividend for 10- years, according to Dividend Champion's list. And it is so called "Dividend Contender" (10-24 Straight Years Higher Dividends).
Verizon Communications Inc. (VZ) is currently trading at $45.56 with a P/E 9.46, EPS 4.82 and
Div/yield $0.55/4.83%.
Div/yield $0.55/4.83%.
This purchase increases my annual dividend income by $72.60
I believe that Verizon is a good company to own in long-term. And now you get a little bit of a discount.
I also updated my portfolio.
