So for the first time in nearly 20 years Verizon did not announce an increase in the dividend payout in September, something the company has done since 2007. And with treasury yields increasing, there's less of a risk/reward advantage to invest in Verizon as opposed to buying T-bills if you're a large institutional investor. You see today the reaction of Wall Street on that news. Going to be tough sledding to $60/share without a lot of growth.
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@aj you should have nicer things to say about your own head 😜
@b0 hey that’s my line!
Wake me up when September ends omfg
That is because the dividend increase was announced during the first quarter. https://www.investing.com/news/sec-filings/verizon-announces-07075-quarterly-dividend-and-25-billion-share-buyback-93CH-4476260
we raise it once a year, not every quarter. smfh
They increased the dividend in January this year.
@a2 the company announced this morning the 3Q dividend will remain unchanged, so yes, that announcement cycle is over. The company could announce an increase in Q4, but I think today's price move is a reaction to a change in 18 years of precedence.
The pudding has stopped providing the proof.
and is September over?
Sincerely,
the LAYOFF board