With a yield of about 5.6%, Verizon (SYM: VZ) is another hot, high-yielding stocks to buy and forget about for a while. It also declared a dividend of $0.7075, a 2.5% increase from its prior dividend of $0.69. It’s payable on May 1 to shareholders of record as of April 10.

Recent earnings and guidance were also solid. For the fourth quarter, EPS of $1.09 beat by three cents. Revenue of $36.4 billion, up 2.4% year over year, beat by $200 million. In the quarter, the company also saw total postpaid phone net additions of 616,000, up 22% and ahead of estimates of 420,491. For 2026, Verizon expects total retail postpaid phone net additions of 750,000 to a million and adjusted EPS of $4.90 to $4.95, or growth of 4% to 5%.

Helping, analysts at Raymond James raised its price target on Verizon to $56 from $50 with an outperform rating. Analysts at Scotiabank also upgraded Verizon to sector outperform from sector perform with a price target of $54.50 a share from $50.25 a share, citing cost cutting.

Sincerely,

Ian Cooper