Verizon (VZ) is one of Warren Buffett’s top high-yield dividend stocks. The company has paid dividends for more than 30 years and has increased its dividend for over 10 straight years.
Paying uninterrupted dividends for as long as Verizon has is usually the sign of a durable company.
Verizon is a blue-chip dividend stock that enjoys high barriers to entry in its core markets and has made a number of strategic investments to prepare itself for the technological changes impacting the communications industry.
With a high dividend yield in excess of 4% and a very safe dividend payment, Verizon is a company I like in our Conservative Retirees dividend portfolio.
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