Worth Watching Stock for Traders: Verizon Communications Inc. (NYSE:VZ)

Verizon Communications Inc. (NYSE:VZ) stock identified change of 12.97% away from 52-week low price and recently located move of -4.09% off 52-week high price. It has market worth of $244390.29M and dividend yield of 4.17%. VZ stock has been recorded 4.07% away from 50 day moving average and 3.43% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.83% off 20-day moving average.

The Board of Directors of Verizon Communications Inc. (NYSE:VZ) revealed a quarterly dividend of 61.50 cents per outstanding share, an increase of 1.25 cents per share, or 2.1 percent, from the previous quarter.

The quarterly dividend is payable on Nov. 1, 2019, to Verizon shareowners of record at the close of business on Oct. 10, 2019.

This is the 13th 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 $5.0 billion in cash dividend payments in the first half of 2019.

Verizon Communications Inc. (NYSE, NASDAQ: VZ), headquartered in New York City, generated revenues of $130.9 billion in 2018. The company operates America’s most awarded wireless network and the nation’s premier all-fiber network, and delivers integrated solutions to businesses worldwide. With brands like Yahoo, TechCrunch and HuffPost, the company’s media group helps consumers stay informed and entertained, communicate and transact, while creating new ways for advertisers and partners to connect. Verizon’s corporate responsibility prioritizes the environmental, social and governance issues most relevant to its business and impact to society.

The Technology sector company, Verizon Communications Inc. noticed change of 0.80% to $59.06 along volume of 8920240 shares in recent session compared to an average volume of 12315.9K. The stock observed return of 1.93% in 5 days trading activity. The stock was at 7.21% over one month performance. VZ’s shares are at 3.18% for the quarter and driving a 9.74% return over the course of the past year and is now at 5.05% since this point in 2018.

The average volatility for the week at 0.95% and for month was at 1.38%. There are 4138M shares outstanding and 4134.54M shares are floated in market. Right now the stock beta is 0.5.

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