5 Best Low-Risk Dividend Stocks to Invest In

1. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield as of December 7: 7.08%
Beta Value: 0.36

Verizon Communications Inc. (NYSE:VZ) is a New York-based telecommunication services company that provides voice, video, and data services to its consumers. Morgan Stanley appreciated the growth in the company’s wireless and postpaid segments in October and maintained an Equal Weight rating on the stock with a $41 price target.

Verizon Communications Inc. (NYSE:VZ) has raised its dividends consistently for the past 16 years. The company currently pays a quarterly dividend of $0.6526 per share and has a dividend yield of 7.08%, as of December 7.

Verizon Communications Inc. (NYSE:VZ) saw growth in hedge fund positions in Q3 2022, as 62 funds in Insider Monkey’s database owned stakes in the company, up from 58 in the previous quarter. The collective value of these stakes is over $1.42 billion. Citadel Investment Group is the company’s leading stakeholder in Q3.

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.”

You can also take a look at 12 Very High-Yield Dividend Stocks To Buy Now and 15 Best Dividend Stocks for Passive Income

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