5 Highest Yielding Dividend Stocks in the Dow

1. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield as of February 12: 6.65%

Verizon Communications Inc. (NYSE:VZ) is a multinational telecommunications conglomerate that provides a wide range of communication services and solutions to consumers, businesses, and government entities. With a dividend yield of 6.65% as of February 12, VZ tops our list of the highest yielding dividend stocks. The company offers a quarterly dividend of $0.665 per share and has been raising its dividends for the past 17 years.

Insider Monkey’s database indicated that Verizon Communications Inc. (NYSE:VZ) ended Q3 2023 with 61 hedge fund positions, up from 53 in the previous quarter. The stakes owned by these hedge funds have a collective value of nearly $1.4 billion. Among these hedge funds, Marshall Wace LLP was the company’s leading stakeholder in Q3.

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