5 Best Telecom Dividend Stocks to Buy Now

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

Dividend Yield: 7.08%

AT&T Inc. (NYSE: T) is a Dallas-based multinational that is the world’s largest telecommunications company and the second largest provider of mobile telephone services. It has a market cap of more than $213 billion and posted more than $171 billion in revenue in December 2020. It has a four year average dividend yield of more than 6.3% and the yield has hovered around 5% for the last ten years. The firm is placed third on our list of 10 best telecom dividend stocks to buy. 

At the end of the fourth quarter of 2020, 58 hedge funds out of 887 in the Insider Monkey database held stakes in AT&T, up from 51 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $1.04 billion, down from $1.15 billion in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Los Angeles-based investment firm Leonard Green & Partners held the most shares – 18 million – worth more than $500 million. Citadel Investment Group was 2nd with 8.5 million shares worth almost $244 million.