Top 5 Dividend Champions of 2021 (Part III)

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

Dividend Yield: 7.25%

Telecom giant AT&T Inc. (NYSE: T) ranks 1st on our list of top 30 dividend champions of 2021. The company has increased its dividend consistently over the last 34 years. The stock has lost about 24% in value over the last 12 months. A recent SEC filing showed that the company has entered into a $14.7 billion term loan credit agreement with Bank of America. In January, Bloomberg reported that the company was in talks with lenders as it plans to buy more 5G airwaves.

As of the end of the third quarter, 51 hedge funds tracked by Insider Monkey reported owning stakes in AT&T at the end of the September quarter, down from 57 funds a quarter earlier.

Distillate Capital, in their Q4 2020 Investor Letter, highlighted a few stocks and AT&T Inc. (NYSE:T) is one of them. Here is what Distillate Capital stated:

“AT&T and IBM exited the portfolio as they no longer met the quality criteria for inclusion with AT&T exceeding the debt limit and IBM falling out due to deteriorating long-term fundamental stability.”

You can also read 15 Largest Electronics Companies in the World and 20 Most Diverse Cities in the US.

Also, you can go to 30 Dividend Champions of 2021 (Part I).

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