5 Best 5% Dividend Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 66
Dividend Yield as of March 15: 6.53%

AT&T Inc. (NYSE:T) is next on our list of the best dividend stocks with dividend yields above 5%. The multinational telecommunications has been making regular dividend payments to shareholders since 1995. Currently, it offers a quarterly dividend of $0.2775 per share and has a dividend yield of 6.53%, as of March 15.

As of the end of Q4 2023, 66 hedge funds in Insider Monkey’s database held stakes in AT&T Inc. (NYSE:T), growing from 52 in the previous quarter. The consolidated value of these stakes is nearly $3 billion.

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