5 Stocks With Over 30 Years of Dividend Hikes

1. AT&T Inc. (NYSE:T) 

Number of Hedge Fund Holders: 68

Dividend Yield: 8.15%

AT&T Inc. (NYSE:T) is an American multinational conglomerate holding company, which is the global market leader in the telecommunications sector, as well as the leading US mobile telephone services provider.

At the end of Q2, 68 hedge funds were long AT&T Inc. (NYSE:T), up from 63 in the previous quarter. The stock is quite popular with the smart money. 

Citi analyst Michael Rollins kept a Buy rating on AT&T Inc. (NYSE:T), but lowered the price target to $30 from $32 on October 19.

Here is what Nelson Capital Management has to say about AT&T Inc. (NYSE:T) in its Q1 2021 investor letter:

“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”

You can also take a look at Top 10 Stock Picks of Terry Smith’s Fundsmith LLP and 20 Safe Dividend Stocks to Quit Your 9 to 5 Job.

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