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Verizon Drops From Dow But Dividends Rise | Business and Finance News
Description
Verizon got kicked out of the Dow Jones Industrial Average just before trading opened on June 29th — not because it’s struggling, but because its low stock price made it less influential in the index, and space opened up for Alphabet to boost tech and AI exposure. The move triggered some selling pressure, pushing Verizon’s stock down 8% in a month, but its 6.4% dividend yield now looks even more attractive. Despite the dip, Verizon remains up 8% year-to-date, offering solid fundamentals and value for income-focused investors.
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