Verizon Gains Recognition as Top Dow Dividend Stock

Verizon Communications Inc. (Symbol: VZ) has earned the title of “Top Dividend Stock of the Dow,” as reported by Dividend Channel in its latest “DividendRank” report. Notably, among the constituents of the Dow Jones Industrial Average, VZ shares stand out due to their appealing valuation metrics and solid profitability indicators. Presently, Verizon’s share price sits at $42.87, corresponding to a price-to-book ratio of 1.8 and an annual dividend yield of 6.3%. In contrast, the average dividend-paying Stock in the Dow yields only 2.0% and carries a price-to-book ratio of 11.3. The report also highlighted Verizon’s strong quarterly dividend history alongside favorable long-term growth rates in critical financial metrics.

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The report emphasized, ”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest, most profitable companies that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based on our criteria for profitability and valuation, producing a list of the top most ‘interesting’ stocks that merit further research.”

The Dow Jones Industrial Average has a rich history that stretches back to 1896, making it one of the key benchmarks for large, publicly traded companies in the United States. For more information, click here to view the most popular ETF tracking the Dow, and to explore all 30 components and their respective weights at ETFChannel.com.

Currently, Verizon Communications Inc. pays an annualized dividend of $2.71 per share in quarterly installments, with its next dividend ex-date set for 04/10/2025. Below, you can see a long-term dividend history chart for VZ, which the report emphasized as a crucial factor. Analyzing a company’s past dividend performances can significantly aid in assessing the likelihood of future dividend stability.

Also see:

• Past earnings
• Nasdaq OMX Group shares outstanding history
• Paychex DMA

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.