Verizon Communications Inc (VZ)

[cintrix]

Maybe the Sprint partnership with Altice?

[Brett17]

So what is causing the massive price drop today?

[Mokyo Toe]

Market doesn't like Moody's Baa1 rating for the new notes:

https://www.moodys.com/research/Moodys-rates-Verizons-new-notes-Baa1--PR_374426?WT.mc_id=AMRG93X0pvbmVzX05ld3NSb29tX1

Divvy yield is almost at 5% again; might be a good time to buy soon.

[cintrix]

Wow, that stinks. Could be a ploy to get them to lower their fee. How many times have we seen this with both Cablevison and Verizon?

[Zboricua]

Over 12 Spanish Channels dropped. Univision was the major player lost.

[cintrix]

Univision?

[Zboricua]

In Honor of Hispanic Heritage Month Verizon drops most of Spanish Channels

[cintrix]

Looks like someone is working real hard to promote their website.

[cintrix]

Verizon Meets Earnings Estimates as Sales of $31.7B Top Forecasts
[TheStreet.com]
Chris Nolter
TheStreet.comOctober 19, 2017

Verizon Communications Inc. (VZ) posted third-quarter earnings in line with Wall Street expectations on Thursday, Oct. 19. The company reported non-GAAP earnings of 98 cents a share, while analysts expected non-GAAP earnings of 97 cents, according to FactSet. Revenue of $31.7 billion grew 2.5% from the third quarter a year ago and topped forecasts of $31.4 billion. Verizon said that the storms in Florida and Texas reduced earnings by 1 cent a share. Shares of Verizon rose 2.2% in premarket trading on Thursday. Operating revenue from wireless services -- a closely watched figure for wireless carriers -- declined 5.1% from a year ago to $15.8 billion. However, Verizon said that service revenue increased from the prior quarter for the first time in three years.

The company added 274,000 net post-paid phones, topping forecasts of 195,000.

Verizon lost 18,000 net FiOS video subscribers during the quarter, which the telecom attributed to cord-cutting as traditional pay-TV customers shift to online services. Total video subscribers came to 4.6 million.

Chief Finacncial Officer Matt Ellis will address the financials in a call at 8:30 a.m. ET. Investors will listen for details about the impact of less generous iPhone promotions this year, the telecom's preparations for 5G, and the fallout from a larger-than-previously-announced data breach at Yahoo!

The third quarter is also the first full earnings period in which Yahoo! has been a part of Verizon's Oath digital media platform. https://finance.yahoo.com/m/ac93d9df-74c2-3fb0-98ac-881ac242031d/ss_verizon-meets-earnings.html

[cintrix]

Verizon announces tender offers for five series of its notes
https://finance.yahoo.com/news/verizon-announces-tender-offers-five-102300514.html

[cintrix]

Verizon (VZ) to Shut Down Legacy Voice Services in 7 States
https://finance.yahoo.com/news/verizon-vz-shut-down-legacy-115711060.html

[OTC Shark]

finally topping that 50 mark

[OTC Shark]

lol we gonna top 50 today?

[venturecapp]

GTX Corp to Enable GPS SmartSoles on the Verizon Network

LOS ANGELES, CALIFORNIA , Sept. 12, 2017 (GLOBE NEWSWIRE) -- GTX Corp (GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive technology business, announced today that it has partnered with ORBCOMM Inc. (ORBC), a leading global provider of Machine-to-Machine (M2M) and IoT solutions, to provide connectivity and distribution in the U.S. for its new Verizon GPS SmartSole® product.
SmartSole, which is launching this week, will be available for order on the ORBCOMM web platform, which will enable connectivity on the Verizon nationwide network as well as provide monthly billing services.
GTX Corp's patented GPS SmartSoles, the world’s first wearable yet invisible tracking technology, are placed in the wearer’s shoes and contain a GPS module connected through a cellular network that sends a GPS location to a central monitoring website or app. The product was initially created as a wander guard solution for those at risk due to Alzheimer’s, dementia, autism or traumatic brain injury and have a tendency to wander or become lost or disoriented. SmartSoles come in several trim-to-fit sizes for both men and women, are water resistant, include an inductive charging pad, and are assembled in Rhode Island, U.S.A. They can also be used by people at risk of kidnapping, such as government employees, journalists and corporate executives.

[OTC Shark]

still here looks like 50$ is within reach today

[cintrix]

Rah ree, kick 'em in the knee - Rah ras, kick 'em in the other knee!

[Tutu]

Booyah

[cintrix]

Looks like VZ hit that 49 price target that came out a few days ago.

[Tutu]

Nice close

[Tutu]

Good day we had keep moving up after hours

[Pipers]

Excited to get started!

[Tutu]

UP PREMARKET

[Tutu]

I got in last week last to ger the dividend

[conix]

Should Verizon’s Dividend Hike Be Viewed as a Disappointment?

By Jon C. Ogg September 7, 2017 2:05 pm EDT


Raising your dividend is supposed to be a good thing. After all, close to half of total returns over the long haul come from dividends. In the world of the old, established telecom giants, dividend hikes are now just expected. Verizon Communications Inc. (NYSE: VZ) just announced that it has raised its dividend for the eleventh straight year.
Unfortunately, Wall Street took the opportunity to yawn on the news. Was the divided hike a disappointment? No, but outside news and tertiary media news may have weighed on what would have otherwise been good news. The fear of cable and television subscriber issues around a tech and media conference is weighing more than other news about the dividend hike.

Verizon’s quarterly dividend was raised by $0.0125 (a 2.2% hike) to $0.59 per outstanding share per quarter. That will generate an annual payout of $2.36 per share. If this hike is even followed by a mere penny hike in 2018, then it will slightly exceed the Thomson Reuters consensus dividend estimate.

With a $46.50 share price, Verizon’s dividend yield will jump up to 5.07% for new investors. That also values Verizon at only 12.3 times the consensus expected 2017 earnings per share estimate from Thomson Reuters.
Again, if shares fell should this be a disappointment? Maybe being down almost 1% sounds bad, but rival AT&T is down more — and Disney and Comcast were both down more with media shocks after subscriber and earnings pressure were shown at the Bank of America Merrill Lynch 2017 Media, Communications & Entertainment Conference.

AT&T Inc. (NYSE: T) has a share price of almost $36.00 after falling 1.6%, and its dividend yield is now 5.44%.

Verizon signaled that the higher dividend payout is payable on November 1, 2017, to holders of record at the close of business on October 10, 2017. If Verizon has approximately 4.1 billion shares of common stock outstanding, the company’s new annualized dividend commitment to shareholders will be almost $9.7 billion.

Verizon shares have a 52-week trading range of $42.80 to $54.83, and the consensus analyst target price from Thomson Reuters is $49.59.
AT&T shares have a 52-week range of $35.81 to $43.03 and a consensus target price of $41.00.

[cintrix]

Cheap, Cheaper, Verizon
https://seekingalpha.com/article/4105344-cheap-cheaper-verizon




















Expand Portfolio
Cheap, Cheaper, Verizon















Expand Portfolio
Cheap, Cheaper, Verizon

















Expand Portfolio
Cheap, Cheaper, Verizon

[cintrix]

DJ Verizon Raises Dividend; Yields 5.1%, But Not Without Risk -- Barron's Blog

Sep 07, 2017 15:33:00 (ET)




By Amey Stone

Verizon Communications ( VZ) upped its dividend a small amount on Thursday, attracting little notice from investors.

The board increased the quarterly dividend to 59 cents a share from 57.7, a 2.2% increase that brings the dividend yield to 5.1%.

The new dividend is payable on November 1 to shareholders of record on October 10. It's the 11th year in a row that Verizon has increased the dividend.

Investors weren't encouraged to buy the stock, however. Shares drifted lower and were down 75 cents, or 1.6%, to $46.16 in late afternoon trading.

The decline may have been partly due to a Morgan Stanley report that suggested investors should stay in utilities rather than rotate into telecoms, like Verizon.

Analysts wrote:


Why we prefer utilities. We think they face limited downside risk from a sector de-rating, while telcos offer limited upside relative to utilities. Quantitative factor analysis confirms the diverging risk profiles of the sectors, as well as yield spreads vs. the 10-year treasury. We favor NextEra Energy (NEE) (rated Oveweight) over VZ (also Overweight) given a higher free cash flow (FCF) yield, clearer avenues for growth, and less fundamental business risk.


More at Barron's Income Investing blog, http://www.barrons.com/income-investing


(END) Dow Jones Newswires

September 07, 2017 15:33 ET (19:33 GMT)

[cintrix]

Verizon increases dividend for 11th consecutive year
[PR Newswire]
PR NewswireSeptember 7, 2017

NEW YORK, Sept. 7, 2017 /PRNewswire/ -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 59 cents per outstanding share, an increase of 1.25 cents per share, or 2.2 percent, from the previous quarter.
Verizon Communications Inc.
Verizon Communications Inc.

The quarterly dividend is payable on Nov. 1, 2017, to Verizon shareowners of record at the close of business on Oct. 10, 2017.

This is the 11th consecutive year Verizon's Board has approved a quarterly dividend increase.

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made $4.7 billion in cash dividend payments in the first half of 2017.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 163,400 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network and the nation's premier all-fiber network, and delivers integrated solutions to businesses worldwide. Its Oath subsidiary houses more than 50 media and technology brands that engage about 1 billion people around the world.

VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Bob Varettoni
908.559.6388
[e-mail]

[Cryptocol]

+1 same here

[pennystockaholic]

Pretty much

[Dreamchaser007]

That's why we are here

[Dreamchaser007]

Pretty safe buy. Have to load up on those dividends for retirement.

[oxnous]

Good dividends sure helps the old portfolio

[BritannyJ564]

Pretty good growth recently. Maybe it's time for entry?

[cintrix]

hope so, i own a boatload of this boring stock - nice divy but pps wise it has been quite boring

[OTC Shark]

been a huge mover these past few weeks loving it...up 15% already over that time... should be 50+ again relatively shortly

[OTC Shark]

Complete assumption see pm

[OTC Shark]

[cintrix]

They live well? How do you know that?

[OTC Shark]

That outsourced labor is so cheap though! Pay them 10$ a day to answer phone calls and they live well

[OTC Shark]

Hahaha true story

[cintrix]

He also publicly denied that he was outsourcing jobs and then had to backtrack on what he said. I wouldn't go by Lowell. Not that I am saying I think any of these rumors are true.

[OTC Shark]

I saw the CEO publicly deny this one

[cintrix]

I've got all three. F is so cheap (I think I said that when it was two bucks more lol). Just hope they keep that divy.

[cintrix]

Then there was this one - VZ to buy Disney - lol
http://nypost.com/2017/07/01/verizon-rumored-to-be-eyeing-purchase-of-disney/

[OTC Shark]

Agreed I chose VZ because it was near the 52wk low and was hoping for decent earnings...will hold long term here because of div tho

[cintrix]

two other co's with over 5% divy yields other than VZ are F and T - same situation where pps doesn't move much but the divy is big

[OTC Shark]

I hadn't thanks for sharing...could get interesting...I do think that VZ would be better off on its own though honestly

[cintrix]

Did you read about the Comcast/VZ merger as suggested by Citi?
http://www.cnbc.com/2017/07/26/comcast-should-buy-verizon-for-215-billion-citi-analyst-says.html

[OTC Shark]

Added huge in 401k at 43.25...even without price appreciation that 5.25 div yield is huge...VZ isn't going anywhere will go back into the 50s in next few months imo

[cintrix]

Verizon earnings met analyst expectations and beat revenue projections for its second quarter, helping the company's stock rebound from a disappointing year. Earnings per share were up slightly at 96 cents compared with 94 cents in the year-ago quarter. Revenue rose modestly to $30.55 billion from $30.53 billion. Shares of the company were up nearly 6 percent Thursday, cutting it's year-to-date drop to a decline of 12 percent. The company's stock hit a 52-week intraday low of $42.80 earlier this month. Verizon's second-quarter earnings represented the first full quarter that it offered unlimited data plans. It started selling such plans in February, during the first quarter...https://finance.yahoo.com/m/da28698b-8ccf-3f49-beb3-d996b619380c/ss_verizon-matches-earnings%2C.html