High Dividend, High Value: What Sets Verizon Communications (VZ) Apart in the S&P 500

Verizon Communications Inc. (NYSE:VZ) is included among the 10 Highest Dividend-Paying Stocks to Buy in the S&P 500.

Verizon Communications Inc. (NYSE:VZ) is a major player in the telecommunications sector, best known for its extensive wireless network. Its focus is on retaining a robust 4G LTE foundation, as well as scaling up 5G deployments to support increasing demand for mobile data that’s speedy and dependable.

Recent efforts by Verizon Communications Inc. (NYSE:VZ) have concentrated on delivering an enhanced customer experience through improved network performance and value for money. The incremental increase in wireless service revenue demonstrates the company’s solid market position. This has made it so successful for so long, adapting to technologies sooner than most and setting prices that allow it to increase over rivals.

Verizon Communications Inc. (NYSE:VZ) announced a 1.8% increase in its quarterly dividend on September 5 to $0.69 per share. This raise extended the company’s streak of dividend growth to 19 years, making VZ one of the best dividend stocks you can get. The yield on the stock is 6.33%, as of September 27.

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.