5 Best Value Dividend Stocks to Buy Now According to Warren Buffett

3. Verizon Communications (NYSE: VZ)

Verizon Communications is widely considered the best dividend stock to hold for sustainable growth in dividend income. The company offers a dividend yield of around 4.3% and it has raised dividends in the past 8 straight years. It is the sixth-largest stock holding of Berkshire Hathaway, according to the latest 13F filings.

Mott Capital Management, an investment management firm, stated in a Q4 investor letter that 5G would help Verizon’s stock in rebounding in the days ahead. Here is what Mott Capital Management stated:

“Verizon finished the year lower by around 4.3% and has been a hard holding over the past 6 years. It has gone nowhere and has been the one stock I struggle with. However, 5G has finally arrived. If 5G can deliver on the promise I think it can, then Verizon should eventually come around. I remain hopeful.”