13 Best Dividend Stocks Paying Over 6%

9. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield as of January 9: 6.75%

Verizon Communications Inc. (NYSE:VZ) is one of the best dividend stocks to invest in. On January 7, Scotiabank cut its price target on VZ to $48 from $51 and kept a Sector Perform rating. The firm said the change was part of a broader refresh of its telecom services targets ahead of Q4 earnings.

Scotiabank noted that wireless promotions were especially aggressive during the holiday season. Still, it believes the industry is continuing to grow, with revenue and EBITDA trends staying positive overall.

One thing Verizon does not struggle with is cash generation. Through the first nine months of the year, the company produced $28 billion in cash flow from operations. That easily covered $12.3 billion in capital spending and $8.6 billion in dividends, leaving about $7.2 billion in surplus cash. Verizon has been putting that extra cash to work by reinforcing its balance sheet, which is already one of the company’s strengths.

Verizon also expects free cash flow to improve further in 2026. A key part of that outlook is the company’s planned $20 billion all-cash acquisition of Frontier Communications. The deal would expand Verizon’s reach in broadband and make it easier to bundle mobile and home internet services, a combination that can be sticky once customers adopt it.

That cash flow profile matters for dividend investors. With spending covered and cash still left over, Verizon remains in a strong position to continue increasing its dividend over time.

Verizon Communications Inc. (NYSE:VZ) is a holding company that operates through its subsidiaries, offering communications, technology, information, and streaming products and services to consumers, businesses, and government customers.