Verizon Communications stock was sliding Tuesday after the telecommunications firm posted an earnings beat but said that more customers than expected had exited their phone contracts last quarter amid worries about a rise in inflation.

Verizon (VZ), a U.S. telecom provider, is set to release its Q1 results on April 22. VZ stock has gained over 13% year-to-date, primarily due

In summary, income-focused investors may find Verizon stock an attractive option for making a steady income of $100 per month by owning 443 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Verizon has raised its dividend consecutively for the last 18 years.