Beat the Dow Jones With This Cash-Gushing Dividend Stock The Motley Fool
Verizon has tallied $6.4 billion in excess free cash after paying dividends and covering its capital spending plan this year. Verizon ended the quarter with a leverage ratio of 2.6, down from 2.7 in the year-ago period. That relatively low leverage ratio supports the company’s strong investment-grade bond ratings (A-/BBB+/Baa1). On the cash flow front, the…