A dividend stock is a type of stock that pays dividends to shareholders on a regular basis. Dividends are generally paid quarterly, but may also be paid monthly or annually. Most publicly traded companies pay dividends, but some do not. Dividend stocks are a great way to generate passive income. This is because it can provide a consistent stream of payments that can be used to cover living expenses or reinvest in the stock market.
Dividend stocks also tend to be less volatile than other types of stocks, making them a good choice for risk-averse investors. However, please note that dividend payouts are not guaranteed. They can be reduced or removed at any time. Therefore, investors should always research companies before investing in dividend stocks.With this in mind, here are two highest dividend stock Check out the stock market this week.
dividend stocks to buy [Or Sell] now
1. Verizon Communications (VZ stock)
first, Verizon Communications (VZ) is an American multinational telecommunications conglomerate. Verizon is also part of the Dow Jones Industrial Average. In addition, the company is one of the world’s largest telecommunications companies. VZ’s shareholders currently enjoy an annual dividend yield of 6.93%.
VZ Recent Stock News
Just this month, Verizon reported better-than-expected third quarter 2022 earnings. Diving in, the company reported third-quarter 2022 earnings of $1.32 per share and earnings of $34.2 billion. This compared to analyst consensus forecasts of $1.28 for his earnings per share, or $33.9 billion in earnings.
Hans Westberg, chairman and CEO of Verizon. “Our pricing and new cost-savings programs earlier this year demonstrate that we are being cautious and strategic in our decisions to strengthen our business. At the same time, we are focused on executing our 5G strategy as we cover all major markets and accelerate the construction of our C-band network. We plan to reach 200 million POPs in Q1 2023.“
VZ stock chart
Over the past five days of trading, Verizon shares are up 5.64%. Meanwhile, VZ shares ended Friday’s trading session up 4.03% to his $37.67 per share.
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2. The Coca-Cola Company (KO Stock)
Next, let’s take a look at the beverage giant The Coca-Cola Company (KO). Simply put, The Coca-Cola Company is an American multinational beverage company. Coca-Cola has sold products in over 200 countries and maintains a strong presence in emerging markets. Additionally, the company owns or licenses more than 500 non-alcoholic beverage brands, including Fanta, Sprite, Minute Maid and Powerade. Additionally, Coca-Cola is a minority shareholder in Monster Beverage Corporation. Currently, Coca-Cola’s annual dividend yield is he 2.90%.
KO Recent Stock News
Meanwhile, in recent news, the company reported strong financial results for the third quarter of 2022. Specifically, Coca-Cola announced his third quarter 2022 earnings of $0.69 per share and revenue of $11.1 billion. For context, Wall Street’s consensus expected earnings were $0.64 per share, yielding earnings of $10.5 billion.
Additionally, the company reported a 10.2% increase in revenue over the same period last year. Separately, Coca-Cola expects 2022 earnings of $2.46 to $2.48 per share, thus raising its full-year guidance. The company previously said it expected earnings of $2.44 to $2.46 per share for fiscal 2022.
“The Coca-Cola Company today reported strong results for the third quarter of 2022. This is because the company has continued to build momentum since the first half. “Our strong capabilities and consumer insights continue to help us win the market.James Quincy, Chairman and CEO of The Coca-Cola Company, said:
KO stock chart
Subsequently, over the past five days of trading, KO shares are up 7.31%. Meanwhile, to close out Friday’s trading session, Coca-Cola shares rose 2.07% to him closing at $60.76 a share.
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