With a 6.7% yield, I consider Verizon exceptional for passive income

One of the reasons investing for passive income through dividends is so appealing is that it provides realised profits. Unlike share price movements, where money isn’t earned until shares are sold, dividends provide real income while I still get to hold the company in my portfolio. The trick is choosing the right income investments to own. I’m not necessarily looking for massive price growth from my dividend investments. Instead, I’m looking to buy at a reasonable valuation and for increasing dividend payments. If I can find these two elements and the company’s operations are competitive, there’s a good chance I’ll be earning well. When I first started researching Verizon (NYSE:VZ), I was impressed by its yield of 6.7%. The company has even managed to increase its dividend by 2% every year on average from 2018 to 2023. It’s likely the company will make a similar increase this year. After all, the company has made no dividend reductions since 2000. Most people have likely heard of Verizon. It’s the largest US wireless carrier, catering to around 114m phone customers. Its major rival is AT&T, which offers an even higher yield of 6.9% right now. However, AT&T has stopped increasing its dividends....

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