Top 5 High Dividend Stocks To Buy Now

1. Verizon Communications Inc. (VZ)

Verizon is the more successful version of AT&T as Verizon shares returned 27% over the last 5 years on top of offering a current annualized dividend yield of 4.5%. Verizon is also one of the 10 most profitable companies in the US. At the beginning of this year Mott Capital said the following about Verizon:

“Verizon (VZ) rose by 1.7% in the fourth quarter and by 9.2% for the year. Verizon is another company that should benefit as wireless subscribers upgrade their data plans from 4G to 5G. Additionally, the roll-out of 5G and the technology changes that it is likely to usher in will make having wireless data connections in the future more important than today. Again, Verizon appears to be a critical player in 5G and will continue to hold a place in the portfolio.”

As you can see Verizon is considered to be a 5G play and given its successful track record it is the #1 high dividend stock among hedge funds. There were a total of 68 hedge funds with bullish Verizon positions at the end of June.

If you are in the mood to take some more risk for potentially much higher returns, you can read our article about the top 10 cloud computing stocks to buy.

Disclosure: None