5 Blue Chip Stocks with Highest Dividends

4. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield as of April 8: 5.89%

On April 8, DBS Bank analyst Sachin Mittal downgraded Verizon Communications Inc. (NYSE:VZ) to Hold from Buy and set a $52 price target.

An April 6 report by CNBC noted that Verizon’s stock has risen nearly 19% so far in 2026. The shares also offer a 5.9% dividend yield. In its January earnings release, the company projected annual profit and free cash flow above Wall Street expectations. Fourth-quarter revenue also came in ahead of estimates.CEO Dan Schulman, who took over in October, has been focused on streamlining operations. In November, Verizon announced more than 13,000 job cuts.”We’re just at the beginning of our efficiency journey,” Schulman said during the January earnings call.

Verizon Communications Inc. (NYSE:VZ) operates as a holding company. Through its subsidiaries, it provides communications, technology, information, and streaming services to consumers, businesses, and government entities. Its Consumer segment offers wireless and wireline communication services.