5 Best Dividend Stocks for Long Term

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

Number of Hedge Fund Holders: 63
Dividend Yield: 7.32%

AT&T Inc. (NYSE: T) is a telecommunications, media, and technology services provider operating worldwide. The company has three segments: Communications, WarnerMedia, and Latin America. It ranks 1st on our list of the best dividend stocks for long term.

Scotiabank has upgraded AT&T Inc. (NYSE: T) to Sector Perform with a $31 price target as of this June, and on June 30th, it was revealed that AT&T Inc. (NYSE: T) would be moving its 5G mobile network to Microsoft Corporation’s (NASDAQ: MSFT) Azure for Operator’s cloud in a strategic move. The company’s WarnerMedia segment is also bringing in $1.4 billion through the sale of Playdemic to Electronic Arts Inc. (NASDAQ: EA). In the first quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.86, beating estimates by $0.08. The company’s revenue was $43.94 billion, up 2.71% year over year and beating estimates by $1.27 billion, and it has a gross profit margin of 52.68%. The stock has a forward PE ratio of 9.17 and has consistently paid out dividends for 36 years.

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 about $2.7 billion. This is compared to 58 hedge fund holders in the previous quarter, holding stakes worth roughly $1.04 billion.

You can also take a peek at 14 Best European Dividend Stocks To Buy and 10 Best Technology Stocks That Pay Dividends.

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