How Verizon Communications (VZ) Supports Consistent Returns in a Dividend Stock Portfolio

Verizon Communications Inc. (NYSE:VZ) is included among the Best Stocks for a Dividend Stock Portfolio.

Verizon Communications Inc. (NYSE:VZ) continues to draw attention for its steady business model and attractive dividend yield. In recent years, the company has sharpened its focus on its core operations, and those efforts appear to be paying off.

During the second quarter, Verizon Communications Inc. (NYSE:VZ) added 300,000 net mobile and broadband subscribers, while revenue climbed 5.2% year over year to $34.5 billion. Earnings per share also improved, rising from $1.09 to $1.18. In 2024, the company sold its portfolio of more than 6,300 wireless towers across all 50 states and Washington, D.C., to Vertical Bridge in a $3.3 billion deal, with Verizon retaining its role as the anchor tenant on those sites.

Verizon Communications Inc. (NYSE:VZ) is also gaining the attention of income investors because of its strong dividend history. On September 5, the company declared a 1.8% hike in its quarterly dividend to $0.69 per share. This marked the company’s 19th consecutive year of dividend growth, which makes VZ one of the best stocks for a dividend stock portfolio. As of September 18, the stock has a dividend yield of 6.31%.

While we acknowledge the potential of VZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.