20 Great Dividend Paying Stocks

#10 Verizon Communications Inc. (VZ)
Dividend Yield: 4.9%

Verizon Communications is a popular dividend paying stock in the diversified communications services industry. The company pays out a 4.9% dividend yield and has an overall dividend growth streak of 10 years now with a forward P/E of 12.5. Verizon continues to be the single largest wireless service provider in the United States with a 4G coverage rate of more than 98% of the American population with more than 114 million wireless retail connections. The company also has more than seven million fiber-optic network Internet subscribers and was the most profitable company in the telecom industry worldwide last year. Areas of expansion for Verizon in the short to medium-term include managed security and the “Internet of Things.”