Better Dividend Stock: Verizon vs. American Express

Investors looking for ways to boost their passive income recently saw encouraging results from a pair of well-established dividend payers

Verizon (VZ -0 (which is quite significant)

However, it takes more than one encouraging quarterly earnings report to make a great dividend stock

In contrast, Here's a look at the road ahead of these es to see which is ly to der the most income to your brokerage account (something worth watching)

Image source: Getty Images, in this volatile climate

Verizon Last September, Verizon raised its dividend payout for the 18th year in a row

Additionally, At recent prices, s of America's largest telecommunications giant offer an attractive 6

Furthermore, Verizon's payout raises have been consistent, but they haven't been anything to write

Verizon's wireless phone isn't growing fast, but broadband is picking up the slack

While revenue isn't growing very fast, the array of new tax reforms will make meeting and raising its payout a little easier, given current economic conditions

Furthermore, 71 annually, in light of current trends

Furthermore, American Express American Express doesn't raise its payout as frequently as Verizon

The evidence shows makes up for its lack of consistency, though, with rapid payout bumps when the time is right

However, At recent prices, the credit card network operator offers a minuscule 1, in this volatile climate

Moreover, This's much lower than Verizon, but rapid payout raises could lead to a higher yield on cost down the road

Additionally, Another global pandemic could lead American Express to pause payout raises, but investors can still expect heaps of fits to come their way in the form of repurchases

AXP Dividend data by YCharts As one of just four global credit card payment networks, steady growth from American Express is a reasonable expectation

Credit card network fees are annoying, but they're hardly high enough to make using cryptocurrency for everyday purchases an economically sensible option

If this changes, American Express and the other three established networks can easily compete by reducing swipe fees

Conversely, American Express recently took a big step toward cementing its competitive position in a shifting cryptocurrency landscape, in today's market environment

In June, management announced that the Coinbase One Card will launch on the American Express network, given current economic conditions

The better dividend stock to buy now Choosing the better stock among these two will depend on your time horizon, considering recent developments

Additionally, The dividend growth rate American Express reported over the past decade is outstanding, but the stock offers a very low yield at the moment

If we ject the past decade's dividend growth rate forward, investors who begin an American Express position now would receive a yield on cost of around 3

Verizon's yield is growing slowly, but investors who don't have more than a few decades to wait around are bably better off with the high-yield telecom stock

That makes it a better buy for most income-seeking investors (this bears monitoring)

The Author Cory Renauer is a contributing Healthcare Analyst at The Motley Fool, covering publicly traded companies across pharmaceuticals, bionology, and medical devices

Prior to The Motley Fool, Cory was an educator in Thailand and a laboratory nician for the American Red Cross (quite telling)

On the other hand, He holds a B

However, In Biology from Oakland University (which is quite significant)

Fun fact: Cory has a collection of novelty socks featuring famous stock market and iconic investor quotes

Furthermore, TMFang4apples X @coryrenauer American Express is an advertising partner of Motley Fool Money

Nevertheless, Cory Renauer has no position in any of the stocks mentioned (noteworthy indeed)

Nevertheless, What the re reveals is Motley Fool recommends Coinbase Global and Verizon Communications, amid market uncertainty

The Motley Fool has a disclosure policy.