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Top 10 Dow Dividend Stocks for November

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#2: Verizon (VZ)

Verizon-vz-dividend-stocksDividend Yield: 4.2%
YTD Performance: +16%

It’s hard to beat telecom stocks when it comes to dividends, and Verizon (VZ) is no exception, with a yield of 4.2%.

True, shares are up just 16% for the year-to-date, but then, you don’t buy this telecom giant for price appreciation — you buy it for the income stream.

Meanwhile, VZ looks like a relative bargain. It actually trades at a slight discount to its own five-year average forward P/E, according to data from Thomson Reuters Stock Reports.

Perhaps best of all, after a decade of trying, Verizon finally bought out Vodafone’s (VOD) stake in the cash cow that is Verizon Wireless. That will help VZ invest in its infrastructure and services — and keep the dividend stream flowing.

Article printed from InvestorPlace Media,

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