5 Best Dividend Stocks To Buy According To Warren Buffett

3. Verizon Communications Inc. (NYSE:VZ)

Berkshire Hathaway’s Stake Value: $8,898,941,000
Percent of Berkshire Hathaway’s 13F Portfolio: 3.03%
Number of Hedge Fund Holders: 63
Dividend Yield: 4.71%

Verizon Communications Inc. (NYSE:VZ) is an American multinational telecommunications company that provides information and entertainment products and services to its consumers around the world. The company stands third on our list of the best dividend stocks to buy according to Warren Buffett. 

In Q2 2021, Berkshire Hathaway did not change its position in Verizon Communications Inc. (NYSE:VZ) and holds roughly 159 million shares in the company. These stakes are valued at over $8.8 billion and the company currently accounts for 3.03% of the hedge fund’s 13F portfolio. On September 2, Verizon Communications Inc. (NYSE:VZ) increased its dividend by 2% at $0.64 per share, yielding 4.71%. In September, Raymond James reiterated its ‘Buy’ rating on Verizon Communications Inc. (NYSE:VZ), with a $64 price target. In Q2 2021, Verizon Communications Inc. (NYSE:VZ) posted an EPS of $1.37, beating the estimates by $0.07. 

As of Q2 2021, 63 hedge funds tracked by Insider Monkey have positions in Verizon Communications Inc. (NYSE:VZ), compared with 69 in the previous quarter. These stakes are valued at over $10.9 billion.