Dividend Capture Strategy: 15 High Yield Stocks to Buy in April

9. Verizon Communications Inc. (NYSE:VZ)

Ex-Dividend Date: April 10

Dividend Yield as of March 30: 6.03%

Verizon Communications Inc. (NYSE:VZ) is a New York-based telecommunications company. In February, the company introduced AI connect, a suite of products and solutions designed to help businesses scale AI workloads efficiently. The company estimates that the total addressable market exceeds $40 billion and believes its expanding fiber infrastructure and programmable network are well-equipped to meet the secure connectivity demands of AI data centers. The stock is generating strong returns this year, surging by nearly 12% since the start of 2025.

Verizon Communications Inc. (NYSE:VZ) reported strong fourth-quarter results for 2024, with revenue reaching $35.7 billion, reflecting a 1.6% increase from the previous year. This growth was largely driven by higher customer acquisitions in both mobile wireless and internet services. In the mobile wireless segment, net postpaid phone subscriber additions rose to 568,000, up from 449,000 a year earlier. Revenue from this segment increased 3.1% year-over-year to $20 billion, marking its 18th consecutive quarter of growth.

In addition to its financial strength, Verizon Communications Inc. (NYSE:VZ) remains a cash cow, appealing to investors because of its cash generation and dividend history. In FY24, the company generated $37 billion in operating cash flow, and its free cash flow came in at $19.8 billion. Its quarterly dividend comes in at $0.6775 per share for an attractive dividend yield of 6.03%, as of March 30. The company has been rewarding shareholders with growing dividends for the past 18 years. The stock will trade ex-dividend on April 10.