5 Best Dow Dividend Stocks to Double Your Income

2. Verizon Communications (NYSE:VZ)

Number of Hedge Fund Holders: 63

Dividend Yield: 4.7%

Verizon Communications (NYSE:VZ) is a communication services company offering a range of integrated telecommunication services to consumers worldwide.

Deutsche Bank analyst Bryan Kraft reiterated a Hold rating on Verizon Communications (NYSE:VZ) shares just this January.

The company’s EPS for the fiscal fourth quarter of 2021 was $1.32, beating estimates by $0.03. Its revenue was $34.1 billion, beating the previous quarter’s revenue of $32.9 billion.

Our hedge fund data shows 63 hedge funds long Verizon Communications (NYSE:VZ) in the fourth quarter of 2021. Their total stake value was $10.9 billion.

Weitz Investment Management, an investment management firm, mentioned Verizon Communications (NYSE:VZ) in its fourth-quarter 2021 investor letter. Here’s what they said:

“After several quarters of pandemic-induced outsized growth, new broadband connection growth has slowed for U.S. cable operators. This slower growth has coincided with a renewed push by competitors like Verizon and AT&T to offer high-speed data (either via wireless connects or by building new fiber-optic networks).”