10 Best Stocks For Dividends

Page 2 of 10

9. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 61

Verizon Communications Inc. (NYSE:VZ) is a multinational telecommunications conglomerate that provides a wide range of communication, information, and entertainment products and services. On December 7, the company announced its quarterly dividend of $0.665 per share, which was consistent with its previous dividend. VZ is one of the best stocks for dividends as the company holds a 17-year streak of consistent dividend growth. As of December 21, the stock offers a dividend yield of 7.13%.

According to 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. With over 6.7 million shares, Marshall Wace LLP was the company’s leading stakeholder in Q3.

Follow Verizon Communications Inc (NYSE:VZ)

Page 2 of 10