10 Best Dividend Stocks According to Jim Cramer

2. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield: 6.28%

Verizon Communications Inc. (NYSE:VZ) is one of the 10 best dividend stocks, picked from Jim Cramer’s recommendations. Raymond James maintains a Buy rating, following the network slice in more than 20 new markets and an announcement of the initiation of private exchange offers for ten series of its outstanding notes.

Headquartered in New York, Verizon Communications Inc. (NYSE:VZ), the second largest communications technology company in the U.S., offers a range of services, including wireless and wireline communications. With over 146 million subscribers as of March 31, 2025, the company has the largest wireless network in the U.S. while also having established a strong presence in Europe, the Middle East, Africa, and the Asia-Pacific region.

The company launched its network slice for first responders coast-to-coast in more than 20 markets earlier in April. Recently, on June 12, 2025, Verizon Communications Inc. (NYSE:VZ) announced the launch of its slice in 20+ new markets. Reaching together a total of 50 markets, the company has officially made the service available nationwide alongside 5G Ultra-Wideband service.

On the same day, Verizon Communications Inc. (NYSE:VZ) also announced initiating private exchange offers for ten series of its outstanding notes. Exchanging them for newly issued debt securities, the company intends to optimize its debt structure and improve financial stability.

On June 17, 2025, Raymond James reiterated the Buy rating for the stock while maintaining the price target of $47.

The dividend yield offered by the company stands attractively at 6.28% while the payout ratio is maintained at 64.23%, signaling sustainability in the dividend payments. Investors purchasing stock before July 10, 2025, will benefit from the dividend payment on August 1, 2025.