5 Best Telecom Dividend Stocks To Buy for 2022

1. AT&T Inc. (NYSE:T) 

Dividend Yield as of February 2: 8.16% 

Number of Hedge Fund Holders: 66

After consistently increasing its dividend payout in the last three decades, American telecom giant AT&T Inc. (NYSE:T) has been officially dethroned as a dividend aristocrat on February 1.

The company recently announced a 47% dividend cut to $1.11 per share per year and to divest itself of its WarnerMedia division through a spinoff. AT&T shareholders will get 0.24 shares of the new company for every 1 share of AT&T that they own.

Citadel Investment Group increased its position in AT&T Inc. (NYSE:T) by 7% in Q3 2021, bringing the hedge fund’s total holdings to 34.7 million shares valued at $940 million, making Citadel the company’s largest shareholder. Millennium Management, on the other hand, grew its holding in AT&T Inc. (NYSE:T) by 166% at the end of Q3 2021.

On January 27, Deutsche Bank kept a Buy rating on AT&T Inc. (NYSE:T) with a price target of $30. 

You can also take a peek at the 10 Stocks Activist Investors are Buying and Top 10 Stock Picks of Prescott Group Capital Management.

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