Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, September 2, 2016

Article Excerpt

VERIZON COMMUNICATIONS INC., $52.88, New York symbol VZ, has 113.2 million wireless users, 14.5 million landline phone clients and 17.1 million high-speed Internet and TV subscribers. The company will raise its quarterly dividend with the November 2016 payment by 2.2%, to $0.5775 a share from $0.565. The new annual rate of $2.31 yields 4.4%. Verizon has now increased its dividend each year for the past 10 years. OUR RECOMMENDATION: Verizon is a buy. Verizon recent coverage Hotline for July 29, 2016 Hotline for June 3, 2016 PROCTER & GAMBLE CO., $88.20, New York symbol PG, recently agreed to transfer 43 of its beauty brands and their operations to Coty Inc., $26.43, New York symbol COTY. Wella, Clairol, Max Factor and CoverGirl are among the brands that will go to Coty; it’s a leading maker of perfumes and cosmetics with operations in over 40 countries. Procter has set up the non-cash transaction as a split-off. That means its shareholders have the option of exchanging some or all of…