Can you hearVerizon Communications (
The telecom giant recently delivered strong Q3 results as it
continued to recover from some rough spots in 2011.
Verizon Communication's earnings rose 14% to 64 cents a share
-- the third straight period of double-digit growth. Sales grew
4% to just over $29 billion.
Results were lifted by the launch ofApple 's (
) iPhone 5. Verizon Communications said it added 1.54 million
postpaid wireless customers with contracts in the third quarter,
up from 882,000 in the year-ago period. Overall, the company
added 1.76 million retail customers overall in Q3, up from 1.34
million a year earlier.
Revenue from wireless climbed 7.3% to $19 billion, which
accounted for about 66% of total sales.
Verizon Communications' earnings have been stuck at $2.15 a
share for the past two years, but analysts are expecting a higher
number this year. The company is expected to deliver a profit of
$2.47 a share, which would mark its best performance since
The stock has a three-year Earnings Stability Factor of 4,
indicating a steady stream of profits.
Verizon Communications has a long history of paying
shareholder dividends. After holding its payout steady in the
early 2000s, the company has steadily raised its dividend.
In September, Verizon Communications raised its quarterly
dividend by 3% to 51.5 cents a share. On an annualized basis, it
pays $2.06 a share, up from $1.54 a share in 2004.
The stock has a yield of about 4.6% -- the lowest among the 10
dividend-paying stocks in the Telecom Services-Integrated group.
But Verizon Communications has the best Composite Rating among
its fell dividend payers.
The company is still awaiting word of a possible dividend
payment from its Verizon Wireless joint venture withVodafone (
). At its third-quarter conference call, Chief Financial Officer
Frank Shammo said that the matter will be discussed before the
end of the year.
Verizon Communications has retreated as market volatility
increased. The stock is slightly below a 46.51 buy point in a