5 Best Stocks for Dividends

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

Number of Hedge Fund Holders: 68

Dividend Yield: 7.61%

Topping the list of 10 best stocks for dividends is AT&T Inc. (NYSE:T). The Texas-based telecom giant has increased its dividend payments in the last 36 years. AT&T Inc. (NYSE:T) currently pays its shareholders an annualized dividend of $2.08 per share. The company was founded in 1983 and is a global provider of telecommunications services.

On September 8, analyst Walter Piecyk of LightShed Partners launched coverage of AT&T Inc. (NYSE:T) with a Buy rating and a $36 price target, highlighting the company’s cellular and fiber growth potential.

The company has a market cap of $197 billion. In the second quarter of 2021, AT&T Inc. (NYSE:T) reported an EPS of $0.89, beating estimates by $0.09. The company’s revenue in the second quarter grew 7.6% year over year to $44 billion and beat revenue estimates by $1.32 billion. AT&T Inc. (NYSE: T) reported 5.5 million new mobility subscribers, resulting in a 31.9% year-over-year increase in equipment revenues to $4.6 billion.

At the end of the second quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $2.89 billion in AT&T Inc. (NYSE:T), up from 63 in the previous quarter worth $2.70 billion.

You can also take a peek at the 25 Largest ETFs by Assets Under Management and 10 Penny Stocks with Upcoming Growth Catalysts.

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