Dividend Champions List Ranked By Yield: Top 10

3. Telephone and Data Systems, Inc. (NYSE:TDS)

Dividend Yield as of December 20: 7.23%

Telephone and Data Systems, Inc. (NYSE:TDS) is a Chicago-based telecommunications company that mainly provides wireless products and related services. The company currently pays a quarterly dividend of $0.18 per share for a dividend yield of 7.23%, as of December 20. It is one of the best dividend stocks on our list as the company has raised its dividend for 47 years in a row.

In the third quarter of 2022, Telephone and Data Systems, Inc. (NYSE:TDS) reported revenue of $1.08 billion, which saw a 6.9% growth from the same period last year. The company’s operating cash flow for the quarter came in at $901 million, compared with $863 million in the prior-year period.

In November, JPMorgan upgraded Telephone and Data Systems, Inc. (NYSE:TDS) to Neutral with a $14 price target, following the company’s Q3 earnings and overall performance this year.

Telephone and Data Systems, Inc. (NYSE:TDS) was a part of 13 hedge fund public portfolios at the end of Q3 2022, as per Insider Monkey’s data. The stakes owned by these hedge funds have a total value of roughly $46.3 million.