5 Cheap Dividend Stocks with High Yields

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1. Verizon Communications Inc. (NYSE:VZ)

P/E Ratio as of December 7: 7.76
Dividend Yield as of December 7: 6.89%

Verizon Communications Inc. (NYSE:VZ) tops our list of the best dividend stocks with high yields. The multinational telecommunications company has raised its payouts for 17 years in a row and it currently offers a quarterly dividend of $0.665 per share. The stock has a dividend yield of 6.89%, as of December 7.

The number of hedge funds tracked by Insider Monkey owning stakes in Verizon Communications Inc. (NYSE:VZ) jumped to 61 in Q3 2023, from 53 in the previous quarter. The collective value of these stakes is roughly $1.4 billion.

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