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Down 50% with a 6.5% yield, is this massive S&P 500 stock a screaming buy?


Published on 2024-12-14 11:41:16 - MSN
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  • Our writer considers the prospects of a once-massive S&P 500 stock that's fallen out of favour and now has a low price and attractive dividend yield. The post Down 50% with a 6.5% yield, is this massive S&P 500 stock a screaming buy?

The article discusses the investment potential of Verizon Communications, a major component of the S&P 500, which has experienced a significant decline in its stock price, dropping by 50% from its peak. Despite this downturn, Verizon offers a high dividend yield of 6.5%, which could be attractive to income-focused investors. The piece highlights concerns about Verizon's future due to the high costs associated with 5G network expansion and potential liabilities from lead-sheathed cables. However, it also points out that Verizon has a robust free cash flow, suggesting that the company might be able to sustain its dividend payments. The article suggests that while there are risks, the current valuation and yield might make Verizon an appealing buy for those looking for high dividend returns, especially if the company can navigate its challenges successfully.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/money/other/down-50-with-a-6-5-yield-is-this-massive-s-p-500-stock-a-screaming-buy/ar-AA1vQHxa ]

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