Summary
Verizon has rallied back to the decade highs at $58.
The preliminary Q4 subscriber numbers were solid and consistent with past numbers.
The dividend yield hasn't dipped below 4% in the last decade.
The total return over the next couple of years is likely to underperform at this dividend level.
My previous research had Verizon Communications (VZ) headed towards a pause as the stock was trading near these levels in early December. The wireless network giant provided some solid preliminary Q4 numbers, but the company isn't generating the growth supportive of the dividend dipping permanently below 4% for the first time in over a decade.
Image Source: Verizon website
