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Despite an average yield of just 1.6% on the S&P 500, dividends have provided some respite to investors during this turbulent period, a sentiment echoed by financial stalwarts John D. Rockefeller and Warren Buffett. Verizon, with a revenue of $135.0 billion as per InvestingPro data, and $5.5 billion in dividends during H1 2023, stands out against the backdrop of this challenging market environment. The company’s dividend yield, as of Y2023.D275, stands at an impressive 8.21%, adding further weight to its appeal among investors.
While the broader market struggles, innovation continues to thrive in other sectors. A startup endorsed by Jeff Bezos is simplifying real estate investment, providing an alternative avenue for capital allocation during these uncertain times. The company’s stockholders receive high returns on book equity, as pointed out by InvestingPro Tips, which is a testament to Verizon’s robust financial health.
For those interested in more insights like these, InvestingPro offers a wealth of additional tips for various companies. To access them, consider subscribing to their service here.
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