Early Retirement Portfolio: 5 Stocks to Live Off Dividends Revisited

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1. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield as of December 26: 7.10%

Verizon Communications Inc. (NYSE:VZ) tops our list of the best dividend stocks for an early retirement portfolio. The American telecommunications company has been growing its dividends for the past 17 years and offers a per-share dividend of $0.665 every quarter. The stock has a dividend yield of 7.10%, as of December 26.

As per Insider Monkey’s database of Q3 2023, 61 hedge funds owned stakes in Verizon Communications Inc. (NYSE:VZ), growing from 53 in the previous quarter. These stakes are collectively valued at nearly $1.4 billion.

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You can also take a look at 15 Undervalued Defensive Stocks For 2024 and 11 Most Profitable Lithium Stocks Now

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