Buffett, Verizon & Income: Your Early Triple Crown Winner

Mark Hirschey

Buffett, Verizon & Income: Your Early Triple Crown Winner (Bloomberg)

Even though the Preakness Stakes won’t be run until tomorrow, investors have a shot at their own triple-crown winner today. By picking up shares of Verizon (VZ) today, they’ll also be investing alongside the Oracle of Omaha, Warren Buffett, who recently bought a stake in VZ valued at $528 million through Berkshire Hathaway (BRK/A). And both of you will have bought into a company that recently jumpstarted its cash flow by buying out Vodafone Group Plc’s minority stake in Verizon Wireless for $130 billion. The kicker to this deal is that both of you will receive a healthy 4.4 percent dividend yield while awaiting VZ profits to roll in. Buffett, Verizon and Income: that’s today’s triple-crown winner.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.