Verizon's (VZ) high dividend yield, along with its low valuation, high profits, solid dividend coverage, and growth, makes it a good name to consider for conservative income investors. The firm's recently announced layoffs should lift its bottom line, while its overall results should not be meaningfully negatively affected by the advent of direct-to-device cellular service or the proliferation of satellite-internet service.
And while the firm recently was booted out of the Dow Jones Industrial Index ($DOWI), most of the impact from the latter development is likely already reflected in the stock.
