The top paying dividend stock number 3 is Verizon (NYSE: VZ). I’ve put together this report that features five of my favorite dividend-paying stocks that generate yields between 3% and 8%. You could say that these stocks offer the best of both worlds – solid dividends and growth potential. Happy investing!

1. Five Top Paying Dividend Stocks Part III
Growth on the Horizon for
VERIZON

2. Verizon
(NYSE: VZ)
Recent price: $ 47.00
Price Target: $ 54.00
Market cap: $ 196.5 billion
Dividend (Yield): $ 2.12 (4.5%)
TOP PAYING DIVIDEND STOCK NO. 3

3. The Verizon story is very much a
tale of two segments.
TOP PAYING DIVIDEND STOCK NO. 3

4. The $ 196 billion communications behemoth
separates its operating revenue between its
wireless and wireline divisions.
The 2013 total? $ 120.6 billion.
TOP PAYING DIVIDEND STOCK NO. 3

5.  Verizon Wireline contributed $2.8 billion, a 15% year-over-
year gain buoyed by higher demand for speedier broadband
and its fiber optic offering, FiOs
 Revenue from Verizon Wireless, on the other hand, accounted for
$117.6 billion as it provides service for 97% of the entire mobile
population of America
TOP PAYING DIVIDEND STOCK NO. 3

6. Verizon Wireless is by far, the bigger of the two tales and
poised to grow even more.
TOP PAYING DIVIDEND STOCK NO. 3

7. EMERGING GLOBAL MARKETS
 Its recent purchase of 45% equity share of Vodafone for $130
billion will push Verizon into growth markets like China and
India to its current 31% global market (on top of 97% in the
U.S.)
 The potential for highest growth
in mobile traffic will be the
Asia Pacific region, growing
at a CAGR of 67%
TOP PAYING DIVIDEND STOCK NO. 3

8. One research study,
indicates that in China approximately 3 billion
devices will be connected to the Internet by
the end of 2016, compared to just 1.5 billion
devices (approximately) in 2011.
TOP PAYING DIVIDEND STOCK NO. 3

9. India’s production is on the rise as well, and the
country’s mobile traffic growth was recorded at
112% year-over-year as of third-quarter 2013.
China's rate grew 72% during the same period.
TOP PAYING DIVIDEND STOCK NO. 3

10. THE WORLD’S ONLY 4G NETWORK
 The rollout of 4G networks across the Asia Pacific
region are on the rise and opens up further
opportunities for Verizon considering the fact that
Verizon's 4G network is the only 100% 4G network.
TOP PAYING DIVIDEND STOCK NO. 3

11. With LTE (long-term evolution) service in 419
cities, Verizon is leading the race to build out
faster networks; AT&T, the second-biggest
American carrier, is in a distant second place,
with LTE service in 77 cities.
TOP PAYING DIVIDEND STOCK NO. 3

12. PRODUCT DEVELOPMENT
 Continued build-out of the 4G LTE network will
enhance smartphone use by delivering higher
data speed.
 The company has continued to enhance its 4G
LTE smartphone lineup
 In the fourth quarter, Verizon Wireless launched the
Nokia Lumia 2520, the Samsung S4 mini and Galaxy III
mini, the HTC One Max and the BlackBerry Z30
TOP PAYING DIVIDEND STOCK NO. 3

13.  Verizon is ahead of its goal for the network by already
covering 200 million people, and each quarter it continues to
add, on average, 950,000 new postpaid customers
 The company exceeded expectations in
the fourth quarter of 2013 by adding
1.7 million
TOP PAYING DIVIDEND STOCK NO. 3

14. Subscription based revenue model
with wireless and wireline users paying recurring monthly fees
to the company provides good visibility and consistent
streams of revenue.
TOP PAYING DIVIDEND STOCK NO. 3

15.  While Verizon is obviously in growth mode and will
continue to be in the future, another allure as an
investment is its ability to turn revenue growth into
cash flow.
 Free cash flow—calculated as operating cash flow
minus capital expenditures—was outstanding for the
year. Verizon posted $22.5 billion in free cash, a 45%
increase over 2012.
TOP PAYING DIVIDEND STOCK NO. 3

16. FREE CASH FLOW,
is the cash that a company is able to
generate after laying out money required
to maintain and expand its asset base.
Essentially, it’s the money that the
company could return to shareholders if
the company were to cease growing.
TOP PAYING DIVIDEND STOCK NO. 3

17. Without cash, it's impossible to develop new
products, make acquisitions, reduce debt, and of
course, pay and maintain a dividend—currently
annualized at $2.12 and yielding 4.5%.
TOP PAYING DIVIDEND STOCK NO. 3

18. ON AVERAGE,
Verizon raises its dividend once a year and even did so in 2009
and 2010 when many banking and real estate companies cut
or altogether stopped paying.
TOP PAYING DIVIDEND STOCK NO. 3

19. LOOKING AHEAD...
 If you bought Verizon 10 years ago, the dividend was
about $1.38
 That’s the power of buying a high-yield growing stock
 Verizon's shares are trading at forward P/E multiple of
12.5 based on the current $4 earnings per share (EPS)
 Analysts have a one-year target of $54 or roughly 10%
over the current market price
TOP PAYING DIVIDEND STOCK NO. 3

20. CLICK HERE FOR MY TOP PAYING
DIVIDEND STOCK NUMBER IV.
TOP PAYING DIVIDEND STOCK NO. 3