5 Best Dividend Stocks to Buy and Hold Now According to Tiger Cub Lee Ainslie

2. AT&T Inc. (NYSE: T) 

Ainslie’s Stake Value: $1,690,000
Percentage of Lee Ainslie’s 13F Portfolio: 0.01%
Dividend Yield: 7.14%
Number of Hedge Fund Holders: 63

AT&T Inc. (NYSE: T) is an American media and telecommunications company. It was founded in 1983 and is placed second in the list of 10 best dividend stocks to buy and hold according to Tiger Cub Lee Ainslie. 

On March 26, the company declared a monthly dividend of $0.52 per share, in line with the previous. The forward yield is 7.10%. On June 9, AT&T announced that it has won a contract worth $725 million to technologize the data network at the US Department of Veterans Affairs. 

Maverick Capital increased its stake in AT&T Inc. (NYSE: T) by 2,808% in the first quarter of 2021, ending the period with $1.69 million worth of the company’s stock. Our database shows that 63 hedge funds held stakes in AT&T Inc. as of the first quarter of  2021, versus 58 funds in the fourth quarter of 2020.

Here is what Nelson Capital Management has to say about AT&T Inc. in its first quarter 2021 investor letter:

Nelson Capital Management, in its first quarter 2021 investor letter, mentioned AT&T Inc. Here is what Nelson Capital Management has to say about AT&T Inc. in its letter:

“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”