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Dial Into Verizon for Earnings Growth, Solid Dividend

NEW YORK (TheStreet) -- If you're looking for a cheap stock with strong earnings growth potential that also pays an impressive dividend, Verizon Communications (VZ - Get Report) should belong on any shopping list. True, shares of the New-York based wireless telecom giant -- down some 5% on the year and 6% in 12 months -- has disappointed shareholders in 2015.

But ahead of the company's third-quarter earnings results Tuesday, Verizon's earnings per share (EPS) for the just-ended quarter is projected to climb 15% above last year. Better still, for all of 2015, Verizon's projected EPS of $3.94 a share would translate to a roughly 18% year-over-year increase.

For the quarter that ended in September, the average analyst earnings-per-share estimate calls for $1.02 a share on revenue of $32.95 billion, compared to the year-ago quarter when Verizon earned 89 cents a share on revenue of $31.59 billion. For the full-year, earnings are projected to be $3.94 a...