5 Extreme Dividend Stocks With Upside Potential

4. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 69

Dividend Yield: 5%

Verizon Communications Inc. (NYSE:VZ) is a communications services company offering information, communications, and entertainment products and services to consumers globally. The company benefits from an 18-year streak of dividend increases, making it one of the sturdier extreme dividend stocks with upside potential.

Dougal Mitchelson, an analyst at Credit Suisse, holds a Neutral rating on Verizon Communications Inc. (NYSE:VZ) shares as of this June, alongside a $54 price target.

Verizon Communications Inc. (NYSE:VZ) had an EPS of $1.4 in the fiscal first quarter of 2022, beating estimates by $0.03. The company’s revenue was $33.6 billion, also beating estimates by $1.7 billion.

Out of 912 hedge funds, 69 hedge funds were long Verizon Communications Inc. (NYSE:VZ) in the first quarter of 2022, while 63 hedge funds were long the stock in the previous quarter. Their total stake values were $4.1 billion and $10.9 billion respectively.