Jim Cramer on Verizon: "Never Buy a Common Stock as a Bond"

Verizon Communications Inc. (NYSE:VZ) is one of the stocks Jim Cramer recently discussed. A caller asked if the stock remains an attractive dividend option given current market conditions and falling interest rates. In response, Cramer said:

“Never buy a common stock as a bond. You buy common stocks for growth, and if they happen to give you income, that’s great, but common stocks are not bonds, and they’ll end up disappointing you. Verizon is down 5%…. I think in the last six months, and I think that that decline may just be getting started.”

Verizon Communications Inc. (NYSE:VZ) provides wireless, broadband, and wireline services. The company offers mobile connectivity, fixed wireless access, fiber-based products, and related devices for consumers. In addition, it delivers networking, security, voice, IoT, and communication support services. During the November 19 episode, a caller mentioned that they have owned the stock for the last two years, and Cramer responded:

“I’m going to liberate you from Verizon. Nope, I don’t want you, I want you to scale out of Verizon. It does yield 6.7%.”

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Disclosure: None. This article is originally published at Insider Monkey.