5 Best Dividend Stocks Yielding at Least 7% According to Hedge Funds

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

Number of Hedge Fund Holders: 56
Dividend Yield as of August 19: 7.90%

AT&T Inc. (NYSE:T) is a prominent telecommunications and media conglomerate that operates across various sectors within the communications industry. On June 29, the company announced a quarterly dividend of $0.2775 per share, which was in line with its previous dividend. The stock’s dividend yield on August 20 came in at 7.90%. It tops our list of the best dividend stocks to consider.

At the end of Q2 2023, 56 hedge funds tracked by Insider Monkey owned investments in AT&T Inc. (NYSE:T), compared with 58 in the previous quarter. The overall value of these stakes is over $1.4 billion.

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