Early Retirement Portfolio: 5 Stocks to Live Off Dividends Revisited

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

Dividend Yield as of February 14: 5.76%

AT&T Inc. (NYSE:T) is a Texas-based multinational telecommunications company that provides mobile and telephone services to its consumers. The company is one of the best dividend stocks for retirement as it has raised its payouts for 12 consecutive years. It pays a quarterly dividend of $0.2775 per share and has a dividend yield of 5.76%, as of February 14.

At the end of Q3 2022, 61 hedge funds tracked by Insider Monkey owned stakes in AT&T Inc. (NYSE:T), up from 55 a quarter earlier. The collective value of these stakes is over $1.53 billion.

Chartwell Investment Partners mentioned AT&T Inc. (NYSE:T) in its Q2 2022 investor letter. Here is what the firm has to say:

“In the Dividend Equity accounts, the three best performers in Q2 includes AT&T (NYSE:T, 2.5%), up 17.1%. AT&T completed the spin of the WarnerMedia business (HBO, CNN, etc.), and the market seemed to like the “back-to-basics” approach. Also, the telco business is expected to do relatively well in an inflationary environment.”

You can also take a look at 10 Companies Likely to be Dividend Kings in the Future and Dividend Capture Strategy: 10 High-Yield Stocks to Buy in February

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