Good day, fellow investors! Verizon stock has been experiencing a downturn over the last five years. Simultaneously, the dividend has been on an upward trajectory. How can this be? This article explores the reasons behind this paradox and calculates Verizon's intrinsic value to help you determine if it fits your portfolio.

While Verizon holds a slight edge over AT&T in terms of customer base and revenue, the competition remains fierce. T-Mobile has emerged as a formidable contender, surpassing both in subscriber count.

Despite the recent uptick, the bear market is still growling in 2022. The Nasdaq and S&P 500 Index are down more than 20% each, while the Dow 30 is doing somewhat better. Consequently, many high-quality stocks’ stock prices have also declined, along with valuations. One such stock is Verizon Communications (VZ), trading near its 52-week low and the lowest price in a decade. But is the stock a value trap, or is Verizon a good dividend stock?