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Verizon Communications (#VZ) announced Q1 earnings and topped analyst expectations! The company reported Non-GAAP EPS of $1.31 (beats by $0.02) and revenue of $32.9B (+4.1% Y/Y).
Currently, #Verizon is paying a dividend yield of 4.30%, which is a dividend rate of $2.51 per share a year. They also have an 8 year track record of increasing the dividend and based on recent earnings, they shouldn't have a problem increasing it to 9 years. Is Verizon the best dividend stock to buy?