Verizon Communications Inc (NYSE: VZ), through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smart watches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and conferencing, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Company Overview

• Market Cap: 168.091 Billion
• PE Ratio: 17.29
• EPS: 2.31
• Dividend Yield: 6.79%

Verizon Communications Inc. boasts a robust cash position, solidifying its reputation as a dependable dividend payer. During the first nine months of the year, the company generated $26.5 billion in operating cash flow and reported a free cash flow of $14.5 billion. With 18 consecutive years of dividend growth, Verizon has demonstrated its commitment to rewarding shareholders. On December 5, the company announced a quarterly dividend of $0.6775 per share, unchanged from the previous payout. The stock supports a dividend yield of 6.79%, as of December 21. Therefore, VZ is one of the top telecom dividend stock to own for long term.