Investment Thesis
If you have been a Verizon (VZ) shareholder over the past 5 years, you must be seeking income. You must be very disappointed. In fact, besides promises and a high yield, Verizon hasn’t delivered much. I know because I have held VZ stock since 2013. While the S&P 500 total return is around 90%, Verizon's is at 32%. Did I mention that 27% total return is coming from the dividend paid? I’m starting to think I’ve been holding VZ for too long now. I was once seduced by those big blue eyes, but now I see the value trap.
Source: Ycharts
