5 Best Dividend Stocks on Robinhood

In this article, we discuss 5 best dividend stocks on Robinhood. If you want to read our detailed analysis of retail investing and the past performance of dividend stocks, go directly to read 11 Best Dividend Stocks on Robinhood. 

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

Number of Hedge Fund Holders: 56

AT&T Inc. (NYSE:T) is an American multinational telecommunications and media conglomerate with a diverse range of business activities. The company declared a quarterly dividend of $0.2775 per share on September 29, which was consistent with its previous dividend. It is one of the best dividend stocks on our list as the company has been making regular dividend payments to shareholders since 1995. The stock has a dividend yield of 7.01%, as of November 7.

At the end of the second quarter of 2023, 56 hedge funds tracked by Insider Monkey owned stakes in AT&T Inc. (NYSE:T), down from 58 in the previous quarter. These stakes have a collective value of over $1.4 billion. With over 14 million shares, D E Shaw was the company’s leading stakeholder in Q2.