5 High Yield Fortune 500 Stocks to Buy Now

2. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield as of June 11: 6.03%

Verizon Communications Inc. (NYSE:VZ) engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide.

On June 5, Verizon Communications Inc. (NYSE:VZ) declared a quarterly dividend of $0.7075 per share. The dividend is payable on August 3 to shareholders of record July 10. Verizon made approximately $11.5 billion in cash dividend payments in 2025 and boasts a robust annual yield of 6.03%. The company has grown its dividend for 20 consecutive years, putting it among the 15 Best Dividend Paying Stocks to Buy Right Now.

Dan Schulman, CEO of Verizon Communications Inc. (NYSE:VZ), commented:

“Verizon’s commitment to the dividend remains ironclad and is a direct reflection of our focus on long-term shareholder value. Through our ongoing transformation, we continue to prioritize building trust, delighting our customers, and staying disciplined with our capital allocation strategy. Twenty consecutive years of dividend increases is a track record we’re extremely proud of and one that reflects the cash-generating nature of our business.”

According to market strategist Kenny Polcari, while Verizon may never resemble a high-growth tech stock, it appeals to income-oriented portfolios due to its highly predictable cash flows, essential services exposure, and durable income generation that investors value in periods of high volatility.

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