Verizon Communications Inc. (VZ) is currently yielding over 6% based on its quarterly dividend of $2.83, with shares trading as low as $45.73 on Thursday. The company’s longstanding history of dividend growth spans over 20 years, making it a significant player among S&P 500 companies. Investors are considering the sustainability of this yield, especially when dividends historically contribute substantially to total stock market returns.
For context, an investment in the S&P 500 ETF (SPY) from December 31, 1999, to December 31, 2012, showed a decrease in share price from $146.88 to $142.41 but generated $25.98 in dividends, resulting in a total return of 23.36%. This underscores the appeal of a 6% annual yield in comparison to lower returns from capital appreciation alone.
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