When Verizon Communications Inc. (NYSE:VZ) announced plans to acquire Frontier Communications Parent, Inc. (NASDAQ:FYBR) in September for $20 billion, some investors were likely eyeing potential gains from the company's dividends.
As of now, Verizon offers an annual dividend yield of 6.02%. That’s a quarterly dividend of 67.75 cents per share ($2.71 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $99,741 or around 2,214 shares. For a more modest $100 per month or $1,200 per year, you would need $19,957 or ...
