11 Most Profitable Companies In The Fortune 500

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#6 Verizon Communications Inc. (NYSE:VZ)

Verizon Communications Inc. (NYSE:VZ) is one part of the telecom duopoly in the United States, having reported net income of $17.88 billion for the last fiscal year. Given that the telecom sector is a mature industry and relatively saturated, Verizon has turned to M&A such as buying Yahoo’s core internet assets to diversify and increase growth. Shares of the stock yield almost 4.9% at current prices.

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Northfoto / Shutterstock.com

Northfoto / Shutterstock.com

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