Mike NewtonUS telecom player Verizon Communications (Verizon Communications Stock Quote, Chart NYSE:VZ) has been an excellent buy-and-hold stock in recent years, thanks to its healthy dividend along with a share price that has been moving upwards. That trend should continue, says Mike Newton of Scotia Wealth, who likes both Verizon and AT&T in the States as well as BCE and Telus in Canada. \u201cI own BCE, Telus and Verizon and I just added AT&T in the market correction, as well. Verizon is still the premier network in the United States and it\u2019s still a great dividend yield,\u201d says Newton, director and portfolio manager for Scotia Wealth, to BNN Bloomberg on Tuesday. \u201cThere\u2019s a lot of conversation about how they can keep up in this competitive world, about how many more people can they add to their network. I would argue that Bell, Telus, Verizon and AT&T are going to continue doing a great job at that,\u201d he says. Ahead of Verizon\u2019s launch this week of its first 5G cellphone in the US, the Samsung Galaxy S10 5G, which will soon be available through AT&T, Sprint and T-Mobile as well, Verizon says that the roll-out of 5G will keep going with 20 more markets in the United States later this year, following on a debut in Chicago and Minneapolis last month. Verizon delivered mixed results in its first quarter earnings report at the end of April, coming in with revenue of $32.1 billion, a hair lower than analysts\u2019 estimates at $32.15 billion. The company\u2019s profits were solid, however, at $5.16 billion in net income and EPS of $1.22 per share compared to the consensus estimate of $1.17 per share. (All figures in US dollars.) The company came out strong in its wireless segment, which in its Q1 grew by 3.7 per cent from a year earlier, while management raised its earnings guidance for the rest of 2019, pointing to customer wins as a driving force. \u201c2019 is shaping up to be an exciting year for Verizon. We are leading the world in the development of new technologies with the launch of our 5G Ultra Wideband network,\u201d said Chairman and CEO Hans Vestberg, in a press release. \u201cOur ambition remains unchanged to provide the most advanced next-generation networks in the world.\u201d Verizon\u2019s share price has tailed off since a recent high of $61.19 set in late March and sits in the low $56.00 range as of early trading on Wednesday. Year-to-date, VZ is dead even while over the past 12 months the stock is up an impressive 18 per cent. Verizon\u2019s dividend yield is currently at 4.25 per cent.