5 Dividend Stocks Warren Buffett is Backing in 2022

Page 5 of 5

1. Verizon Communications (NYZE:VZ)

Number of Hedge Fund Holders: 63

Dividend Yield: 4.8%

Verizon Communications (NYZE:VZ) is a US-based telecommunications conglomerate. The company is part of the Dow Jones Industrial Average, and is among the dividend stocks Warren Buffett is backing in 2022. It has raised its dividend for the past 17 years, making it a reliable stock pick.

Tigress Financial analyst Ivan Feinseth holds a Buy rating on Verizon Communications (NYZE:VZ) shares as of this January.

The company’s EPS in the fourth quarter of 2021 was $1.31, beating estimates by $0.03. Its revenue was $34.1 billion, also beating estimates by $30.6 million.

The number of hedge funds holding stakes in Verizon Communications (NYZE:VZ) in the fourth quarter of 2021 was 63, compared to 57 hedge funds in the previous quarter. Their total stake values were $10.9 billion and $10.4 billion respectively.

See also Bill Gates’ Stock Portfolio: Top 15 Picks and 10 Best Stocks To Invest In Right Now.

Page 5 of 5