5 Cheap Dividend Aristocrats to Buy Now

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

Number of Hedge Fund Holders: 68
Dividend Yield: 7.56%
Number of Years of Consistent Dividend Increases: 36

Share Price as of August 26: $27.43

AT&T Inc. (NYSE: T) is a telecommunications and communication services company ranking 1st on our list of cheap dividend aristocrats to buy now. The company offers a range of services like broadband, wireless voice and data communications services, and others.

Deutsche Bank holds a Buy rating and a $37 price target on shares of AT&T Inc. (NYSE: T) as of this July.

In the second quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.89, beating estimates by $0.09. The company’s revenue was $44.05 billion, up 7.56% year over year and beating estimates by $1.32 billion.

By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.9 billion. This is compared to 63 hedge funds in the previous quarter with a total stake value of approximately $2.7 billion.

See also 25 Worst States For Covid and 15 Best Cybersecurity Stocks to Buy Now.

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