Why Verizon Is a Must-Own Dividend Stock

After spending $45.5 billion on available spectrum in 2020, there may be a concern that Verizon has taken on too much debt and bet too much on 5G wireless with too little return on the horizon. If Verizon stock is going to break out of its malaise, the company is going to have to show it can add connections at a faster pace, increase revenue growth, and report higher profits that could be used to pay dividends or reduce debt. Verizon recently reported second-quarter financial results, and there was a lot for investors to like.