Tap into the 5G revolution with less risk

Article Excerpt

Verizon continues to roll out its ultrafast 5G wireless networks. The extra speed these systems offer will help the company attract new users and drive up revenue as more devices connect to the Internet (called the “Internet of Things”). The higher earnings will also give Verizon more room to reward investors with dividend increases. VERIZON COMMUNICATIONS INC. $51 is a buy. The company (New York symbol VZ; Income Portfolio, Utilities sector, Shares outstanding: 4.2 billion; Market cap: $214.2 billion; Price-to-sales ratio: 1.7; Dividend yield: 5.0%; TSINetwork Rating: Average; www.verizon.com) is the second-largest provider of wireless communication (cellphone) services in the U.S. after AT&T. It had 142.1 million subscribers (consumers and businesses) as of December 31, 2021. It’s also a leading seller of traditional landline telephone access, along with Internet and TV services. In all, it has 20.0 million wireline customers. Thanks to rising demand for wireless and high-speed Internet services, Verizon’s revenue increased 4.6%, from $126.03 billion in 2017 to $131.87 billion in 2019. However,…