5 Cheap High Dividend Stocks To Buy Right Now

3. Verizon Communications Inc. (NYSE:VZ)

P/E Ratio as of November 11: 7.19
Dividend Yield as of November 11: 7.45%

Verizon Communications Inc. (NYSE:VZ) is an American telecommunications company that provides a wide range of communication and entertainment services. The company offers a quarterly dividend of $0.665 per share and has a dividend yield of 7.45%, as of November 11. It is one of the best dividend stocks on our list as the company has raised its payouts for 17 consecutive years.

At the end of June 2023, 53 hedge funds tracked by Insider Monkey owned stakes in Verizon Communications Inc. (NYSE:VZ), worth collectively roughly $829 million. Among these hedge funds, Diamond Hill Capital was the company’s leading stakeholder in Q2.

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