Verizon Communications Stock Update

The wireless company is offering a strong dividend yield to the shareholders which has been looked at by the analysts in a bullish manner

Verizon Communications has experienced a dip on the stock index with its share price reaching a value of $44.98, falling by 0.75% in the last trading session in the stock market. The wireless giant has been showing signs of growth for some time now and has sustained its position as the largest wireless carrier of the United States throughout the current year, by offering new deals and services to the customers every now and then. On the other hand, as per the guidance given by the company to the investors, the earnings per share for the next full year are to grow by 39.50% as compared to the current year. The cash returns that the giant is offering its investors is expected to be around 13% this time while on the other hand, the gross margin has gone up as high as 60%.

The dividend plan which is being followed by the Verizon business has turned out to satisfying the shareholders quite a lot, as the dividend yield is 4.85%. Since this is almost touching the 5% mark of high dividend yield, analysts believe that the giant seems to be in a good position on the index as it is providing relatively high returns to the shareholders.

Verizon shares, on the other hand, have 52 week high value trading at a value of $51.73 while the lows for the same period are to be recorded around $38.06. As for the movement of the shares, the volatility has been recorded at 4%, which shows that the fluctuation rate of the share value has been much over the higher side.

In other news, it will be seen that Verizon wireless has made announcements of launching a tablet which is called the Ellipsis 10, and it will be running on Android 5.1, according to the details presented by the company, and will be available in the market for $199.99 for a period of two years. The customers of the wireless giant can enjoy benefits of the new gadget including a screen of 10.1 inch with pixel resolution of 1920x1200 and a full HD display. The device has also been designed to work in compatibility with the 4G LTE networking that is one of the services provided by the giant to the users.

The new tablet is another one in the Ellipsis series and is being taken as a competitive gadget in the tablet industry, as it has some interesting features like an anti-print screen, which determines a spotless screen which is also devoid of minor finger prints of the user.