Our Favorite Dividend Stock
Verizon (NYS: VZ) has long been one of Charly and Jason's favorite dividend-paying stocks, and the current 4.4% yield is quite attractive. Despite a small run-up in the stock this year, it remains quite attractive for investors looking to own a high-quality, wide-moat business. Verizon Wireless is a cash-cow business that continues to acquire new subscribers at a slow and steady pace. Importantly, just 50% of wireless subscribers are using smartphones. Yet that number creeps higher quarter after quarter, allowing Verizon's average revenue per user to climb as well by selling data plans and other services to these users. Don't be fooled by Verizon's low reported earnings: Its free cash flow is robust and makes this telecom a great buy today.
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The article Our Favorite Dividend Stock originally appeared on Fool.com.Charly Travers and Jason Moser have no positions in the stocks mentioned above. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.