Billionaire Jim Simons’ Top 5 High-Dividend Stocks

3. Verizon Communications Inc. (NYSE:VZ)

Renaissance Technologies Stake Value: $155,386,000
Dividend Yield as of November 20: 7.34%

Verizon Communications Inc. (NYSE:VZ) is a leading American telecommunications company that operates various services in the communication and technology sectors. During the third quarter of 2023, Renaissance Technologies grew its position in the company significantly by 343%, which took its total VZ stake to over $155.3 million. The company represented 0.26% of the firm’s 13F portfolio.

Verizon Communications Inc. (NYSE:VZ) holds a 17-year streak of consistent dividend growth and it pays a quarterly dividend of $0.665 per share. As of November 20, the stock has a dividend yield of 7.34%.

According to Insider Monkey’s database of Q2 2023, 53 hedge funds owned stakes in Verizon Communications Inc. (NYSE:VZ), worth collectively nearly $829 million.

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