5 Best Dividend-Paying Stocks To Buy Now

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

Dividend Yield as of July 5: 5.21%

AT&T Inc. (NYSE:T) is a Texas-based multinational telecommunications holding company, providing mobile telephone services in the US. The stock gained 9.27% in 2022 while delivering a 6% return in the past six months, as of the close of July 5.

On June 28, AT&T Inc. (NYSE:T) announced a quarterly dividend of $0.2775 per share, consistent with its previous dividend. The company has been raising its dividend consistently for the past 23 years. The stock’s dividend yield came in at 5.21% on July 5. In the first quarter of 2022, AT&T Inc. (NYSE:T) generated $733 million in free cash flow and expects to take it to $20 billion by 2023.

In June, Scotiabank initiated its coverage of AT&T Inc. (NYSE:T) with a Sector Perform rating and a $22.50 price target. The firm expects companies dealing in the wireless business to gain momentum in the coming years.

At the end of Q1 2022, 74 hedge funds in Insider Monkey’s database owned stakes in AT&T Inc. (NYSE:T), up from 70 in the previous quarter. The collective value of these stakes is over $4 billion.

Weitz Investment Management mentioned AT&T Inc. (NYSE:T) in its Q4 2021 investor letter. Here is what the firm has to say:

“After several quarters of pandemic-induced outsized growth, new broadband connection growth has slowed for U.S. cable operators. This slower growth has coincided with a renewed push by competitors like Verizon and AT&T to offer high-speed data (either via wireless connects or by building new fiber-optic networks).”

You can also take a look at Jim Cramer Recommends These 10 Stocks For Recession and Michael Burry is Buying These 10 Stocks As Recession Fears Mount.

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