25 Best Dividend Stocks to Buy According to Billionaires

14. AT&T Inc. (NYSE:T)

Number of Billionaire Investors: 15

Dividend Yield as of March 3: 4.01%

AT&T Inc. (NYSE:T) is an American telecommunications company that offers a wide range of related services and products to its consumers. The company has always remained committed to its shareholder obligation because of its stable cash position. In the most recent quarter, it generated an operating cash flow of $11.9 billion and its free cash flow was $4.8 billion. The company currently offers a quarterly dividend of $0.2775 per share and has a dividend yield of 4.01%, as of March 3.

In its Q4 2024, AT&T Inc. (NYSE:T) delivered solid performance, with revenue rising to $32.3 billion, a 0.6% increase from the same period last year. Operating income stood at $5.3 billion, while net income reached $4.4 billion. AT&T recorded 482,000 net additions in its postpaid phone segment and achieved a projected industry-leading postpaid phone churn rate of 0.85%. Mobility service revenues climbed 3.3% year-over-year to $16.6 billion. Additionally, the company added 307,000 net customers in its AT&T Fiber segment, marking its 20th consecutive quarter with at least 200,000 net additions.

As of Q4 2024, 15 billionaires held positions in AT&T Inc. (NYSE:T), with a collective value of over $4.2 billion. Ken Griffin and Cliff Asness were two of the most prominent billionaires having stakes in the company.