5 Best Dividend Aristocrats with Over 4% Yield

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

Number of Hedge Fund Holders: 63
Dividend Yield: 7.38%
Number of Years of Consistent Dividend Growth: 36

AT&T Inc. (NYSE: T), a communication services company, provides a range of integrated telecommunication services across the globe and ranks 1st on our list of the best dividend aristocrats with over 4% yield.

Bryan Kraft, an analyst at Deutsche Bank, raised his price target on AT&T Inc. (NYSE: T) shares to $37 from $34 just this July. Kraft has retained his Buy rating on the stock as well, citing AT&T Inc.’s (NYSE: T) positive Q2 results while raising the price target.

In the second quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.89, beating estimates by $0.09. The company’s revenue was $44.05 billion, up 7.56% year over year and beating estimates by $1.32 billion.

By the end of the first quarter of 2021, 63 hedge funds out of the 866 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.70 billion. This is compared to 58 hedge funds in the previous quarter with a total stake value of approximately $1.04 billion.

You can also take a look at 10 Best Dividend Champions to Buy Now and 10 Best Dividend Aristocrats to Buy According to Hedge Funds.

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