5 Dividend Stocks People Buy for Early Retirement

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

Number of Hedge Fund Holders: 68
Dividend Yield: 7.7%

AT&T Inc. (NYSE: T) is the largest telecommunications company in the world, and is based in America. It is next on our list of dividend stocks people buy for early retirement, ranking 3rd.

RBC Capital just this July placed a Sector Perform rating on shares of AT&T Inc. (NYSE: T) alongside a $30 price target on the stock.

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.