5 Best Telecom Dividend Stocks To Buy for 2024

3. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63

Verizon Communications Inc. (NYSE:VZ) is next on our list of the best telecom dividend stocks to buy for 2024. The multinational telecommunications company offers a quarterly dividend of $0.665 per share and has a dividend yield of 6.57%, as of February 18. The company has been rewarding shareholders with growing dividends for the past 17 consecutive years.

The number of hedge funds tracked by Insider Monkey holding stakes in Verizon Communications Inc. (NYSE:VZ) grew to 63 in Q4 2023, from 61 in the previous quarter. The collective value of these stakes is more than $1.6 billion. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q4.

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