5 Best Dividend Growth Stocks to Buy Now

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

Number of Hedge Fund Holders: 68
Dividend Yield: 7.56%
Number of Years of Consistent Dividend Increases: 36

AT&T Inc. (NYSE: T) offers a range of communications and telecommunications services such as wireless voice and data communication services, video and targeted advertising services, broadband, legacy telephony internet and voice communication. It ranks 1st on our list of the best dividend growth stocks to buy now.

Bryan Kraft, a Deutsche Bank analyst, holds a Buy rating and a $37 price target on shares of AT&T Inc. (NYSE: T) as of this July.

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 second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.9 billion. This is compared to 63 hedge funds in the previous quarter with a total stake value of approximately $2.7 billion.

See also 10 Most Profitable Industries in the US and Top 10 High Growth Stocks To Buy in 2021.

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