5 Best 5% Dividend Stocks To Buy According To Analysts

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

Upside Potential as of April 12: 38.02%
Average Price Target Based on Analyst Ratings: $15.50

Telephone and Data Systems, Inc. (NYSE:TDS) is a telecommunications services company that provides wireless products and services to its consumers. The company is headquartered in Chicago, US. The company pays a quarterly dividend of $0.185 per share, having raised it by 3% in February this year. Through this hike, the company took its dividend growth streak to 48 years, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 6.61%, as of April 12.

At the end of Q4 20222, 20 hedge funds tracked by Insider Monkey reported having stakes in Telephone and Data Systems, Inc. (NYSE:TDS), up from 13 in the previous quarter. These stakes have a collective value of over $67.8 million. GAMCO Investors was the company’s leading stakeholder in Q4.