Another Verizon dividend hike likely on the way despite lead-cable concerns

Despite concerns about potential lead-remediation costs, Verizon is likely to increase its dividend once again in early September, according to Morgan Stanley.

Despite concerns about potential lead-remediation costs, Verizon Communications Inc. is likely to increase its dividend once again in early September, according to Morgan Stanley.

Flannery noted that Verizon is one of several high-yielding telecommunications names whose dividend yields exceed those of their 10-year corporate bonds.“These high-dividend yields do come against a backdrop of concerns around dividend sustainability, with a dividend reduction at AT&T and elimination at Lumen last year, and now fears about lead remediation and litigation costs,” Flannery wrote.

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