Visa vs Verizon: Which passive income to watch in Q2 2023?

Highlights

• In Q1 2023, the net revenues of Visa increased by 12 per cent year-over-year (YoY).
• Visa paid a quarterly dividend of US$ 0.45; its dividend yield was 0.8 per cent at the time of writing.
• Verizon's dividend yield stood at 6.85 per cent at the time of writing.

A great investment plan may include dividend investing. Historically, less volatile dividend equities have beaten the S&P 500. This is due to the fact that dividend stocks offer two types of income: consistent dividend income and stock price growth. Over time, this overall return may increase.

However, as nothing is certain in a stock market, investors must take their decision after a thorough analysis.

In this article, let's find out which dividend stock you should watch for passive income:

Visa Inc. (NYSE: V)

The American financial services behemoth Visa Inc. has its corporate headquarters in San Francisco, California. Anyone in the world can now conduct electronic money transactions thanks to it.

In Q1 2023, the net revenues of Visa increased by 12 per cent year-over-year (YoY) to US$ 7.9 billion, and the GAAP net income jumped six per cent YoY to US$ 4.2 billion.

Notably, the GAAP earnings per share (EPS) stood at US$ 1.99, reflecting a significant surge of eight per cent YoY. Meanwhile, the payments volume of Visa also increased by seven per cent from Q1 2022.

Visa paid a quarterly dividend of US$ 0.45; its dividend yield was 0.8 per cent at the time of writing. The market cap of the Visa stock was US$ 360.43 billion.

Verizon Communications Inc. (NYSE: VZ)

The Dow Jones Industrial Average includes Verizon, a multinational telecommunications conglomerate. Despite being incorporated in Delaware, the business has its main office in New York City.

Verizon recently announced to expand its broadband services (high-speed) to rural households in Bedford County.

The company's total operating revenues increased to US$ 35.25 billion in Q4 2022 from US$ 34.06 billion in Q4 2021. Meanwhile, its net income increased by 41.4 per cent YoY to US$ 6.69 billion.

The company's total assets were valued at US$ 379.68 billion at the end of the fiscal year 2022, up from US$ 366.59 billion in the same period of the previous year.

Verizon's dividend yield stood at 6.85 per cent at the time of writing, and its quarterly dividend was announced at US$ 0.65 per share.