5 Best High-Yield Dividend Stocks To Buy Now

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1. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 56
Dividend Yield as of March 18: 7.09%

Verizon Communications Inc. (NYSE:VZ) tops our list of the best high-yield dividend stocks to buy now. The multinational telecommunications company currently offers a per-share dividend of $0.6525 every quarter for a dividend yield of 7.09%, as of March 18. It has been raising its dividends consistently for the past 16 years.

At the end of Q4 2022, Verizon Communications Inc. (NYSE:VZ) was a part of 56 hedge fund portfolios, as per Insider Monkey’s data. The stakes owned by these funds have a total value of over $1.5 billion.

Mawer Investment Management mentioned Verizon Communications Inc. (NYSE:VZ) in its Q3 2022 investor letter. Here is what the firm has to say:

“There are a few other segments of our portfolios that displayed weakness in the quarter. Cable and telecommunication companies have been an area that has lagged the broader market as their worlds are increasingly colliding. Companies such as Verizon (NYSE:VZ) has been impacted as wireless operator is spending heavily to attract internet subscribers with fixed wired access and the cable companies are trying to build wireless businesses.”

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