Why I Just Bought More Shares of Verizon and Plan to Load Up On The Ultra-High-Yielding Dividend Stock in 2025

I have been slowly buying shares of Verizon (NYSE: VZ) over the past few years. The big draw for me is the telecom giant's big-time dividend. At the current share price, it yields over 7%. That's several times higher than the S&P 500's average 1.2% yield. In addition to that lucrative income stream, I think Verizon has a lot of upside potential due to its dirt-cheap stock price. That combination of income and value is why I recently bought more of the telecom stock. Given its current valuation, I plan to load up on more shares this year.High-yield dividend stocks tend to have higher risk profiles. They often have high dividend payout ratios, questionable growth prospects, and weak balance sheets. However, while Verizon has experienced some growth-related headwinds in recent years, it has a rock-solid financial profile. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool