The Dow Jones Industrial Average Changes Forever Today: Google Parent Alphabet Is In, Verizon Is Out, and a Longtime Component Is on Thin Ice

Verizon is described as a solid dividend stock, but its low share price and mediocre performance since joining the Dow in April 2004 made it expendable. The piece is a negative commentary on the stock’s relative underperformance rather than a catalyst-driven event. Market impact appears limited, with no new financial results or guidance disclosed.

Analysis

Verizon is described as a solid dividend stock, but its low share price and mediocre performance since joining the Dow in April 2004 made it expendable. The piece is a negative commentary on the stock’s relative underperformance rather than a catalyst-driven event. Market impact appears limited, with no new financial results or guidance disclosed.