5 Best Dividend Stocks with Over 5% Yield According to Hedge Funds

2 AT&T Inc. (NYSE: T)

Number of Hedge Fund Holders: 68
Dividend Yield: 7.4%

AT&T Inc. (NYSE: T), one of the world’s largest and most renowned communication services companies, ranks 2nd on our list of the best dividend stocks with over 5% yield according to hedge funds. The company operates through its Communications, WarnerMedia, and Latin America segments.

This July, Deutsche Bank raised the price target on AT&T Inc. (NYSE: T) from $34 to $37, alongside reiterating a Buy rating on the stock.

In the second quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.89, beating estimates by $0.09. The company’s revenue was $44.05 billion, up 7.56% year over year and beating estimates by $1.32 billion.

By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.9 billion. This is compared to 63 hedge funds in the previous quarter with a total stake value of approximately $2.7 billion.