Top High-Yield Stocks for Retirees
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 41 minutes ago
0mins
Source: Fool
- Verizon's Reliable Income: Verizon Communications offers a 6.1% dividend yield and has raised its dividend for 20 consecutive years, with a current quarterly payout of $0.7075 and a 25% increase over the past decade, making it an ideal choice for retirees looking to offset inflation.
- Home Depot's Long-Term Potential: Despite a 21% decline in stock price due to economic slowdowns, Home Depot's sales grew over 3% in the last fiscal year, and its dividend has tripled over the past decade, currently yielding 3.1%, indicating strong potential for recovery as the economy improves.
- Duke Energy's Stability: Duke Energy provides a 3.5% dividend yield, with revenue rising from $29 billion in 2022 to over $32 billion, and a 29% increase in dividends over the past decade, showcasing its solid investment value in the stable utility sector.
- Market Performance and Valuation: Verizon, Home Depot, and Duke Energy are priced at $46.84, $299.39, and $121.88 respectively, all below their historical highs, with Duke's 19 times trailing earnings being well below the S&P 500 average, making them attractive for income-focused investors.
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Analyst Views on VZ
Wall Street analysts forecast VZ stock price to rise
14 Analyst Rating
4 Buy
10 Hold
0 Sell
Moderate Buy
Current: 46.370
Low
43.00
Averages
46.42
High
51.00
Current: 46.370
Low
43.00
Averages
46.42
High
51.00
About VZ
Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, technology, information and streaming products and services to consumers, businesses and government entities. Its Consumer segment provides wireless and wireline communications services. It also provides fixed wireless access (FWA) broadband through its 5G or 4G Long-Term Evolution (LTE) networks portfolio. The Company's Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and advanced communication services, corporate networking solutions, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things (IoT) services and products. It provides these products and services to businesses, public sector customers and wireless and wireline carriers across the U.S. and a subset of these products and services to customers around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Verizon Launches New Offers Following Price Increase
- Price Increase Context: Verizon quietly raised the price of its Unlimited Ultimate plan by $5 on May 7, despite a three-year price lock guarantee, which has led to customer churn as consumers seek lower costs amidst rising prices.
- Added Service Value: New customers subscribing to the Unlimited Ultimate plan will receive an additional $15 in monthly value through features like Identity Secure and Verizon Family Plus, aimed at mitigating customer losses due to the price hike by enhancing perceived value.
- Incentive Offers: To attract new customers, Verizon is waiving the $40 activation fee for new device lines and offering a $100 e-Gift card for those who purchase a new smartphone and add a line, although this deal is exclusively available online and requires a redemption claim.
- Intensified Market Competition: As consumer focus shifts towards pricing and service value, Verizon faces increased competition, particularly from smaller carriers that excel in customer experience, resulting in lower brand trust and satisfaction ratings for Verizon.
See More
Top High-Yield Stocks for Retirees
- Verizon's Reliable Income: Verizon Communications offers a 6.1% dividend yield and has raised its dividend for 20 consecutive years, with a current quarterly payout of $0.7075 and a 25% increase over the past decade, making it an ideal choice for retirees looking to offset inflation.
- Home Depot's Long-Term Potential: Despite a 21% decline in stock price due to economic slowdowns, Home Depot's sales grew over 3% in the last fiscal year, and its dividend has tripled over the past decade, currently yielding 3.1%, indicating strong potential for recovery as the economy improves.
- Duke Energy's Stability: Duke Energy provides a 3.5% dividend yield, with revenue rising from $29 billion in 2022 to over $32 billion, and a 29% increase in dividends over the past decade, showcasing its solid investment value in the stable utility sector.
- Market Performance and Valuation: Verizon, Home Depot, and Duke Energy are priced at $46.84, $299.39, and $121.88 respectively, all below their historical highs, with Duke's 19 times trailing earnings being well below the S&P 500 average, making them attractive for income-focused investors.
See More
Verizon Joins Anthropic's Cybersecurity Initiative Project Glasswing
- Cybersecurity Collaboration: Verizon announced its participation in Anthropic's Project Glasswing, leveraging the Claude Mythos Preview model to enhance cybersecurity capabilities, aiming to test and improve security measures through new technology, thereby increasing customer trust in network security.
- Unique Market Position: As the only telecommunications company utilizing Mythos Preview, Verizon is positioned to share cross-industry security insights that help protect the global internet fabric, further solidifying its leadership in the telecom sector.
- Industry Participants: Project Glasswing includes numerous well-known companies such as Microsoft, Google, and Amazon, indicating the project's broad influence and collaborative potential in the cybersecurity field, which could drive improvements in industry standards.
- Technology Risk Warning: Anthropic highlighted that the capabilities of Claude Mythos may pose significant risks to investors, prompting regulatory bodies to focus on the potential threats of AI models in cybersecurity, which could lead to stricter regulatory measures.
See More
Stock Futures Rise as Investors Await U.S.-China Diplomatic Updates
- Applied Materials Earnings Beat: Applied Materials reported fiscal Q2 results with adjusted earnings of $2.86 per share and revenue of $7.91 billion, an 11% year-over-year increase, despite a 1.3% drop in stock price; semiconductor systems sales rose 14% to $5.97 billion, indicating strong market demand and competitive positioning in the semiconductor equipment sector.
- Verizon Joins Security Initiative: Verizon's stock rose 0.6% in premarket trading after announcing its participation in Anthropic's Project Glasswing cybersecurity initiative, which will leverage capabilities from Anthropic's Claude Mythos Preview model, supported by leading software and security providers, aimed at enhancing cybersecurity capabilities and market competitiveness.
- Cerebras Systems IPO Decline: Cerebras Systems saw its stock fall over 5% on the second day post-IPO, despite pricing at $185 per share and opening at $350, closing at $311.07, up 68% from the IPO price, reflecting high market interest and volatility in the AI semiconductor space.
- Magnum Ice Cream Stock Surge: Magnum Ice Cream Company surged 11.4% in early trading as potential bidders, including Blackstone and CD&R, monitor its share price to decide on a formal acquisition offer, highlighting market interest and future growth potential for the brand.
See More
BT Revives Talks for Sale or Partnership of International Business
- Negotiation Revival: BT is set to rekindle discussions with AT&T, Orange, and Verizon regarding a potential sale or partnership of its struggling international business, indicating the company's urgent need to improve performance.
- Market Context: After a year of halted negotiations, BT's international operations face challenges, and reviving talks may be a strategic response to intensified competition and declining market share.
- Partnership Potential: Collaborating with major telecom companies or selling its international business could provide BT with capital infusion and resource sharing, thereby enhancing its competitiveness and operational efficiency in the global market.
- Strategic Implications: This negotiation revival not only reflects BT's reassessment of its international business future but may also lay the groundwork for the company's long-term development in the global telecom industry, strengthening its market position.
See More
Major U.S. Telecoms Form Joint Venture, Boost AST SpaceMobile Stock
- Stock Surge: AST SpaceMobile's stock rose over 10% following the announcement of a joint venture by AT&T, Verizon, and T-Mobile, reflecting strong market confidence in the company's growth potential.
- Strategic Importance of Joint Venture: The newly formed entity aims to expand coverage into 'dead zones' using satellite technology that AST SpaceMobile specializes in, which is expected to significantly enhance the company's market competitiveness and service range.
- Technological Edge: AST SpaceMobile's BlueBird satellites are equipped with the largest commercial antenna arrays ever deployed, achieving peak mobile data speeds of nearly 100 megabits per second, further solidifying its leadership in satellite communications.
- Optimistic Market Outlook: Although specific details of the joint venture remain undisclosed, this development is undoubtedly poised to positively impact AST SpaceMobile's business, significantly increasing the attractiveness of its stock in the market.
See More
Verizon Launches New Offers Following Price Increase
- Price Increase Context: Verizon quietly raised the price of its Unlimited Ultimate plan by $5 on May 7, despite a three-year price lock guarantee, which has led to customer churn as consumers seek lower costs amidst rising prices.
- Added Service Value: New customers subscribing to the Unlimited Ultimate plan will receive an additional $15 in monthly value through features like Identity Secure and Verizon Family Plus, aimed at mitigating customer losses due to the price hike by enhancing perceived value.
- Incentive Offers: To attract new customers, Verizon is waiving the $40 activation fee for new device lines and offering a $100 e-Gift card for those who purchase a new smartphone and add a line, although this deal is exclusively available online and requires a redemption claim.
- Intensified Market Competition: As consumer focus shifts towards pricing and service value, Verizon faces increased competition, particularly from smaller carriers that excel in customer experience, resulting in lower brand trust and satisfaction ratings for Verizon.
See More
Top High-Yield Stocks for Retirees
- Verizon's Reliable Income: Verizon Communications offers a 6.1% dividend yield and has raised its dividend for 20 consecutive years, with a current quarterly payout of $0.7075 and a 25% increase over the past decade, making it an ideal choice for retirees looking to offset inflation.
- Home Depot's Long-Term Potential: Despite a 21% decline in stock price due to economic slowdowns, Home Depot's sales grew over 3% in the last fiscal year, and its dividend has tripled over the past decade, currently yielding 3.1%, indicating strong potential for recovery as the economy improves.
- Duke Energy's Stability: Duke Energy provides a 3.5% dividend yield, with revenue rising from $29 billion in 2022 to over $32 billion, and a 29% increase in dividends over the past decade, showcasing its solid investment value in the stable utility sector.
- Market Performance and Valuation: Verizon, Home Depot, and Duke Energy are priced at $46.84, $299.39, and $121.88 respectively, all below their historical highs, with Duke's 19 times trailing earnings being well below the S&P 500 average, making them attractive for income-focused investors.
See More
Verizon Joins Anthropic's Cybersecurity Initiative Project Glasswing
- Cybersecurity Collaboration: Verizon announced its participation in Anthropic's Project Glasswing, leveraging the Claude Mythos Preview model to enhance cybersecurity capabilities, aiming to test and improve security measures through new technology, thereby increasing customer trust in network security.
- Unique Market Position: As the only telecommunications company utilizing Mythos Preview, Verizon is positioned to share cross-industry security insights that help protect the global internet fabric, further solidifying its leadership in the telecom sector.
- Industry Participants: Project Glasswing includes numerous well-known companies such as Microsoft, Google, and Amazon, indicating the project's broad influence and collaborative potential in the cybersecurity field, which could drive improvements in industry standards.
- Technology Risk Warning: Anthropic highlighted that the capabilities of Claude Mythos may pose significant risks to investors, prompting regulatory bodies to focus on the potential threats of AI models in cybersecurity, which could lead to stricter regulatory measures.
See More
Stock Futures Rise as Investors Await U.S.-China Diplomatic Updates
- Applied Materials Earnings Beat: Applied Materials reported fiscal Q2 results with adjusted earnings of $2.86 per share and revenue of $7.91 billion, an 11% year-over-year increase, despite a 1.3% drop in stock price; semiconductor systems sales rose 14% to $5.97 billion, indicating strong market demand and competitive positioning in the semiconductor equipment sector.
- Verizon Joins Security Initiative: Verizon's stock rose 0.6% in premarket trading after announcing its participation in Anthropic's Project Glasswing cybersecurity initiative, which will leverage capabilities from Anthropic's Claude Mythos Preview model, supported by leading software and security providers, aimed at enhancing cybersecurity capabilities and market competitiveness.
- Cerebras Systems IPO Decline: Cerebras Systems saw its stock fall over 5% on the second day post-IPO, despite pricing at $185 per share and opening at $350, closing at $311.07, up 68% from the IPO price, reflecting high market interest and volatility in the AI semiconductor space.
- Magnum Ice Cream Stock Surge: Magnum Ice Cream Company surged 11.4% in early trading as potential bidders, including Blackstone and CD&R, monitor its share price to decide on a formal acquisition offer, highlighting market interest and future growth potential for the brand.
See More
BT Revives Talks for Sale or Partnership of International Business
- Negotiation Revival: BT is set to rekindle discussions with AT&T, Orange, and Verizon regarding a potential sale or partnership of its struggling international business, indicating the company's urgent need to improve performance.
- Market Context: After a year of halted negotiations, BT's international operations face challenges, and reviving talks may be a strategic response to intensified competition and declining market share.
- Partnership Potential: Collaborating with major telecom companies or selling its international business could provide BT with capital infusion and resource sharing, thereby enhancing its competitiveness and operational efficiency in the global market.
- Strategic Implications: This negotiation revival not only reflects BT's reassessment of its international business future but may also lay the groundwork for the company's long-term development in the global telecom industry, strengthening its market position.
See More
Major U.S. Telecoms Form Joint Venture, Boost AST SpaceMobile Stock
- Stock Surge: AST SpaceMobile's stock rose over 10% following the announcement of a joint venture by AT&T, Verizon, and T-Mobile, reflecting strong market confidence in the company's growth potential.
- Strategic Importance of Joint Venture: The newly formed entity aims to expand coverage into 'dead zones' using satellite technology that AST SpaceMobile specializes in, which is expected to significantly enhance the company's market competitiveness and service range.
- Technological Edge: AST SpaceMobile's BlueBird satellites are equipped with the largest commercial antenna arrays ever deployed, achieving peak mobile data speeds of nearly 100 megabits per second, further solidifying its leadership in satellite communications.
- Optimistic Market Outlook: Although specific details of the joint venture remain undisclosed, this development is undoubtedly poised to positively impact AST SpaceMobile's business, significantly increasing the attractiveness of its stock in the market.
See More
