5 Best Dividend Stocks to Buy for Long-Term Gains

1. AT&T Inc. (NYSE: T) 

Forward Dividend Yield: 7.11%
Number of Hedge Fund Holders: 63

With the highest dividend yield on this list, AT&T Inc. (NYSE: T) is ranked 1st on the list of the best dividend stocks to buy for long-term gains. The company is an American multinational conglomerate holder. AT&T Inc. (NYSE: T) is also the world’s largest telecommunications company and the second largest provider of mobile telephone services.

Recently, the company announced an all-but-done agreement to combine Warner Media’s entertainment and news assets with content created by Discovery. All this, to establish a new global entertainment company. If the merger is successful, the emerging new company will be one of the largest actors in the entertainment industry.

Nelson Capital Management, in its Q1 2021 investor letter, mentioned AT&T Inc. (NYSE: T). Here is what Nelson Capital Management has to say about AT&T Inc. in its letter:

“Nelson Capital stayed busy i n t he 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.”

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