Thread regarding Verizon Communications (VZ) stock

What's the point of the dividend if they keep gutting the company

I bought this for the dividend. That's the whole reason. It pays a decent yield, and that's supposed to be the reliable part of my portfolio. But what good is that if the company keeps shrinking? They keep offloading stores to franchise owners, trimming corporate headcount, and generally cutting left and right. The stock hasn't been anywhere in months. Looks to me the moment dividend payout will be jeopardized is fast approaching.

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