Dividend Stock Portfolio For Retirement: 10 Stocks to Buy

3. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 71

Verizon Communications Inc. (NYSE:VZ), a leading US wireless and broadband provider, has regained attention from income-focused investors following another annual dividend hike and a stable outlook for 2025. In late July, the company reported stronger-than-expected second-quarter earnings and raised its full-year guidance, giving investors more confidence in its ability to balance growth initiatives with shareholder returns.

Verizon Communications Inc. (NYSE:VZ) recently marked its 19th consecutive year of dividend increases, the longest ongoing streak in the US telecom industry. The company is expected to sustain dividend growth as it continues investing in the transition to 5G, offering faster data speeds to customers. In addition, its $20 billion acquisition of Frontier Communications in 2024 will expand its fiber network and support earnings growth.

Verizon Communications Inc. (NYSE:VZ) currently offers a quarterly dividend of $0.69 per share and has a dividend yield of 6.35%, as recorded on September 21.