5 Dividend Stocks with Over 20 Years of Dividend Increases

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

Number of Hedge Fund Holders: 63
Dividend Yield: 7.4%
Number of Years of Dividend Increases: 36

AT&T Inc. (NYSE: T) is a provider of telecommunications, media, and technology services. The company is among the largest communication services corporations in the world, operating through its Communications, WarnerMedia, and Latin America segments. It ranks 1st on our list of dividend stocks with over 20 years of dividend increases.

Bryan Kraft, an analyst at Deutsche Bank, just this July raised his price target on shares of AT&T Inc. (NYSE: T) from $34 to $37. The analyst’s rating on the stock was also reiterated at Buy.

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.

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