5 Best High-Dividend Stocks to Buy Right Now

2. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63
Dividend Yield as of March 12: 6.65%

Verizon Communications Inc. (NYSE:VZ) is a multinational telecommunications conglomerate that operates in various segments of the telecommunications industry, providing a wide range of products and services to consumers, businesses, and government agencies. On February 29, the company declared a quarterly dividend of $0.665 per share, which was in line with its previous dividend. It holds a 17-year track record of dividend growth, which makes VZ one of the best high-dividend stocks on our list. The stock’s dividend yield came in at 6.65% on March 12.

The number of hedge funds tracked by Insider Monkey owning stakes in Verizon Communications Inc. (NYSE:VZ) grew to 63 in Q4 2023, from 61 in the previous quarter. These stakes have a total value of more than $2.6 billion. With nearly 5 million shares, AQR Capital Management was the company’s leading stakeholder in Q4.

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