Company: Verizon Communications Inc. (VZ)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Wireless services account for about 70% of Verizon Communications’ total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers’ networks. -Morningstar.com-
Symbol: VZ
Recent Price: $40.29
Dividends: $2.66
Yield: 6.60%
Sector: Communication Services
Industry: Telecom Services
Address & Company Phone #: 1095 Avenue of the Americas New York NY 10036, 212-395-1000
Transfer Agent: Computershare 800-631-2355
Moody’s Rating: Baa1
Minimum & Maximum Investment: $50 – $200,000/year
Investment Dates: Every 7 days beginning Monday
Shares to Qualify: 1 Share or $250
Fees: Div.: 5% of amount invested up to $5 Max Cash: $5+5¢/sh. Cert: $0 Sells: by Mail, Phone or Internet for $15+12¢/sh.
52 Week High & Low: $42.72, $30.14