5 Best Low-Risk Dividend Stocks to Invest In

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

Dividend Yield as of December 7: 5.79%
Beta Value: 0.72

AT&T Inc. (NYSE:T) is an American multinational telecommunications company that provides mobile phone services to its consumers. The company currently pays a quarterly dividend of $0.2775 per share and has a dividend yield of 5.79%, as of December 7. It has raised its payouts consistently for the past 23 years, which places it as one of the best dividend stocks on our list.

In October, Raymond James appreciated the company’s performance and its overall fundamentals. In view of this, the firm upgraded AT&T Inc. (NYSE:T) to Strong Buy with a $24 price target.

At the end of Q3 2022, 61 hedge funds tracked by Insider Monkey owned stakes in AT&T Inc. (NYSE:T), up from 55 a quarter earlier. The collective value of these stakes is over $1.53 billion.

Chartwell Investment Partners mentioned AT&T Inc. (NYSE:T) in its Q2 2022 investor letter. Here is what the firm has to say:

“In the Dividend Equity accounts, the three best performers in Q2 includes AT&T (NYSE:T, 2.5%), up 17.1%. AT&T completed the spin of the WarnerMedia business (HBO, CNN, etc.), and the market seemed to like the “back-to-basics” approach. Also, the telco business is expected to do relatively well in an inflationary environment.”