Shares of American telecom behemoth Verizon (VZ) have been on a steady downward trend for well over a year now. With a lack of capital gains to show over the past few years, it's not a mystery why Warren Buffett's Berkshire Hathaway (BRK.A)(BRK.B) nearly eliminated its sizable stake in the firm. Undoubtedly, Verizon stock has its considerable 5.2% dividend yield going for it. And the stock has become much cheaper after yet another year of lackluster performance. At 9.6 times trailing earnings, the telecom titan stands out as a cheap dividend stock to ride out the tough market tides.
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