Well-chosen dividend stocks can help you build bountiful streams of passive income that you can count on to grow steadily year after year. To aid your search for these wealth-builders, here are two high-yield stocks with proven histories of rewarding their investors with ample and dependable dividends.

Verizon Communications (NYSE: VZ) excels at turning connectivity services into cash for its shareholders. The telecom leader is currently offering a great way to boost your passive income with its hefty dividend yield of 6.2%.

Verizon delivers fast 5G wireless services to over 114 million retail customers and 30 million business clients. With retention rates that are typically over 98%, these accounts produce reliable profits, which Verizon passes on to its shareholders via rising cash payments. The telecom giant generated nearly $14 billion of free cash flow over the trailing 12 months. That allowed Verizon to raise its dividend for the 18th straight year earlier this month.

Continue reading

Source Fool.com