5 Best Dividend Stocks to Buy Now

In this article, we discuss the 5 best dividend stocks to buy now. If you want to read our detailed analysis of dividend investment strategies, the risk/reward and the methodology of this list, go directly to the 10 Best Dividend Stocks to Buy Now.

5. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 58

Dividend Yield: 6.2%

American telecommunications company Verizon Communications Inc. (NYSE:VZ) offers its customers data and video service solutions. Verizon Communications Inc. (NYSE:VZ) is one of the largest telecommunication companies in the United States and it benefits from increased data usage. As of August, the firm now pays a quarterly dividend of $0.64 per share, for a yield of 6.2%.

When looking at the institutional investors followed by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the biggest position in Verizon Communications Inc. (NYSE:VZ). Fisher Asset Management has $879.83 million position in the stock, comprising 0.62% of its 13F portfolio.

As per Insider Monkey’s Q2 2022 database, 58 hedge funds were bullish on Verizon Communications Inc. (NYSE:VZ). The stakes owned by these hedge funds are valued at over $2.29 billion. 

Weitz Investment Management mentioned Verizon Communications Inc. (NYSE:VZ) in its Q4 2021 investor letter. Here is what the firm had to say:

“After several quarters of pandemic-induced outsized growth, new broadband connection growth has slowed for U.S. cable operators. This slower growth has coincided with a renewed push by competitors like Verizon and AT&T to offer high-speed data (either via wireless connects or by building new fiber-optic networks).”