5 Highest Dividend-Paying Stocks in the S&P 500

3. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield as of March 12: 6.63%

Verizon Communications Inc. (NYSE:VZ) is next on our list of the best dividend stocks with high yields. The multinational telecommunications company has been growing its dividends for the past 17 consecutive years and offers a quarterly dividend of $0.665 per share. As of March 12, the stock has a dividend yield of 6.63%.

Verizon Communications Inc. (NYSE:VZ) was a part of 63 hedge fund portfolios at the end of Q4 2023, up from 61 in the previous quarter, as per Insider Monkey’s database. The consolidated value of these stakes is over $2.6 billion. With over 4.7 million shares, AQR Capital Management was the company’s leading stakeholder in Q4.

Follow Verizon Communications Inc (NYSE:VZ)