Retirement Stock Portfolio: 5 Safe Dividend Stocks To Consider

3. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 61

Verizon Communications Inc. (NYSE:VZ) is a telecommunications conglomerate that provides a wide range of communication services and products in the US and globally. The company offers a quarterly dividend of $0.665 per share for a dividend yield of 7.11%, as of November 27. The company’s dividend growth stands at 17 years.

Verizon Communications Inc. (NYSE:VZ) was a part of 61 hedge fund portfolios at the end of Q3 2023, up from 53 in the preceding quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a consolidated value of roughly $1.4 billion.

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