Verizon's Share Price Is Lower Than It Was 5 Years Ago. With Dividends Reinvested, You're Up About 24%.
Every point of the telecom giant's five-year return came from its dividend -- and the payout is still climbing.
Overview
On the Friday before Labor Day weekend in 2021, shares of Verizon Communications (NYSE:VZ) closed at $55.43. This past Friday, five years later almost to the day, they closed at $50.14 -- a decline of about 9.5%.
But with a dividend stock like this one, price is only half the story. Add in the dividends, each payment reinvested in more shares, and the same five years produced a total return of about 24%.
Details
The entire gap is the dividend. What the payout did over the last five years, it can probably do again. The share price is the half that has to change.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.