5 Best 5% Dividend Stocks To Buy According To Hedge Funds

4. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63
Dividend Yield as of March 15: 6.69%

Verizon Communications Inc. (NYSE:VZ) is a New York-based multinational tech company operates primarily in the areas of wireless communications, wireline communications, and digital services. The company pays a quarterly dividend of $0.665 per share and has been growing its dividends for the past 17 consecutive years. With a dividend yield of 6.69%, VZ is one of the best dividend stocks on our list with high yields.

Verizon Communications Inc. (NYSE:VZ) was a part of 63 hedge fund portfolios at the end of Q4 2023, up from 61 in the previous quarter, as per Insider Monkey’s database. Among these hedge funds, Cliff Asness’ AQR Capital Management was the company’s largest stakeholder in Q4.