May. 31 at 4:52 PM
$VZ never underestimate the old school boomer stocks
If you bought 100 shares of VZ when it broke out of a long base in 2011…
Your 100 shares of VZ purchased at
$18.50 on December 31, 2011 would be worth approximately
$8,084 today (including ~
$3,300 in dividends), representing a total return of about 337% or roughly 11.2% annualized over 14.5 years.
The dividend yield on your original cost would be approximately 15.3% (
$2.83 ÷
$18.50).
Of course you would have had to hold through a 42% decline from 2020 to 2023.
