Markets

Insider Trading

Hedge Funds

Retirement

Opinion

5 Best Dividend Stocks Paying Over 6%

In this article, we discuss 5 best dividend stocks paying over 6%. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 12 Best Dividend Stocks Paying Over 6%

5. Truist Financial Corporation (NYSE:TFC)

Number of Hedge Fund Holders: 47
Dividend Yield as of November 23: 6.61%

Truist Financial Corporation (NYSE:TFC) is an American financial services company that provides a wide array of banking services, including personal banking and commercial banking solutions. The company currently offers a quarterly dividend of $0.52 per share and has a dividend yield of 6.61%, as of November 23. It holds an eight-year track record of consistent dividend growth, which makes TFC one of the best dividend stocks.

The number of hedge funds in Insider Monkey’s database owning investments in Truist Financial Corporation (NYSE:TFC) grew to 47 in Q3 2023, from 42 in the previous quarter. The collective value of these stakes is over $976.2 million. With over 12.8 million shares, Diamond Hill Capital was the company’s leading stakeholder in Q3.

Follow Truist Financial Corp (NYSE:TFC)

4. Devon Energy Corporation (NYSE:DVN)

Number of Hedge Fund Holders: 52
Dividend Yield as of November 23: 9.34%

Devon Energy Corporation (NYSE:DVN) is an independent energy company primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US. The company pays a quarterly dividend of $0.77 per share and has a dividend yield of 9.34%, as recorded on November 23.

Devon Energy Corporation (NYSE:DVN) was a popular stock among hedge funds at the end of Q3 2023, as 52 funds owned stakes in the company, up from 45 in the previous quarter, according to Insider Monkey’s database. The consolidated value of these stakes is more than $863.6 million.

Follow Devon Energy Corp (NYSE:DVN)

3. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 52
Dividend Yield as of November 23: 6.86%

AT&T Inc. (NYSE:T) is next on our list of the best dividend stocks with yields above 6%. The multinational telecommunications company offers a quarterly dividend of $0.2775 per share and has a dividend yield of 6.86%, as of November 23. In the third quarter of 2023, the company reported a strong cash position, generating over $10.3 billion in operating cash flow.

AT&T Inc. (NYSE:T) was a part of 52 hedge fund portfolios at the end of Q3 2023, as per Insider Monkey’s database. The collective value of stakes owned by these hedge funds is over $1.74 billion.

Follow At&T Inc. (NYSE:T)

2. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 54
Dividend Yield as of November 23: 6.29%

3M Company (NYSE:MMM), commonly known as 3M, is a diversified multinational conglomerate that operates across various sectors, offering a wide range of products and services. The company has been raising its dividends for the past 65 years and currently pays a quarterly dividend of $1.50 per share. The stock’s dividend yield on November 23 came in at 6.29%.

At the end of Q3 2023, 54 hedge funds tracked by Insider Monkey reported having stakes in 3M Company (NYSE:MMM), up from 49 in the preceding quarter. The total value of these stakes is over $818.6 million. With over 1.5 million shares, Citadel Investment Group was the company’s leading stakeholder in Q3.

Follow 3M Co (NYSE:MMM)

1. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 61
Dividend Yield as of November 23: 7.12%

An American telecommunications company, Verizon Communications Inc. (NYSE:VZ) tops our list of the best dividend stocks with high dividend yields. The company has been rewarding shareholders with 17 consecutive years of dividend growth and it currently pays a quarterly dividend of $0.665 per share. The stock has a dividend yield of 7.12%, as of November 23.

As of the end of Q3 2023, 61 hedge funds owned stakes in Verizon Communications Inc. (NYSE:VZ), up significantly from 53 in the previous quarter, according to Insider Monkey’s database. The collective value of these stakes is nearly $1.4 billion.

Follow Verizon Communications Inc (NYSE:VZ)

You can also take a look at 14 Low PE High Dividend Stocks to Buy Now and Billionaire Steven Cohen’s Top High Dividend Stock Picks

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s what to do next:

1. Subscribe to our Premium Readership Newsletter for just $9.99 a month. (33% Off – was $14.99).

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

<b>Cancel anytime.</b> Turn off auto-renewal via our website with just a click.

 

Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

This exclusive offer is for NEW newsletter subscribers ONLY! Join our Premium Readership Newsletter for only $0.99 and become part of a savvy investor community.!

This offer vanishes in 7 days, so don’t miss your chance to lock in market beating returnsSign up NOW! The monthly newsletter comes with a 30-day, no-risk money-back guarantee. This offer is available to the first 1000 new investors who respond.

Regular price $9.99/mo. Cancel anytime.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $0.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Regular price $9.99/mo. Cancel anytime.