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Verizon Still Attracts Investors During a Miserable 2022

  • Verizon raises dividend payments for 16th consecutive year
  • Trades at less than 8 times earnings, cheapest in two decades
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Verizon Communications Inc. has cut its forecasts twice this year and the stock has tumbled, adding to its decade-long underperformance against the broader market. Plenty of contrarians are betting the worst is past for the mobile-phone giant.

The big appeal: Verizon’s juicy dividend yield and history of raising the payout. That cash return looks especially appealing with tech and telecom stocks broadly slumping and the economy teetering on the brink of recession.