Verizon Communications Inc. (NYSE:VZ) is one of the best dividend stocks yielding at least 5% to buy according to hedge funds.
Ken Wolter / On June 27, Verizon Communications Inc. (NYSE:VZ) secured nearly $3.2 billion worth of wireless licenses in a Federal Communications Commission (FCC) auction for mid‑band spectrum
The auction raised about $3.5 billion in total, with other winners including AT&T, T‑Mobile, and SpaceX. According to the FCC, AT&T successfully bid $278 million, T‑Mobile $121 million, and SpaceX $8.5 million for spectrum licenses. On June 4, Verizon Communications’ board approved a quarterly dividend of $0.71 a share, in line with the previous quarter’s rate.
The dividend is to be paid on August 3, 2026, to shareholders of record as of July 10, 2026. According to CEO Dan Schulman, the dividend offering affirms the company’s commitment to long-term shareholder value. Verizon continues to prioritize building trust and staying in line with its capital allocation strategy.