5 Best Fortune 500 Dividend Stocks to Invest In Right Now

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

Number of Hedge Fund Holders: 77

Dividend Yield as of April 26: 4.24%

AT&T Inc. (NYSE:T) provides telecommunications and technology services worldwide.

On April 23, Scotiabank slightly lowered its price target on AT&T Inc. (NYSE:T) from $31.50 to $31, while keeping a ‘Sector Perform’ rating on the shares. The target cut still indicates an upside potential of over 20% from the current share price.

According to the analyst firm, AT&T Inc. (NYSE:T)’s recent Q1 results reflected “strong execution”, with the path to full decommissioning remaining achievable. While there has been some increased friction for broadband in rural areas, the analyst firm believes that these challenges aren’t enough to hurt AT&T’s financials.

AT&T Inc. (NYSE:T) reported better-than-expected results in its Q1 2026 report on April 22, with the firm exceeding estimates in both earnings and revenue. The company added more wireless subscribers than expected during the quarter, benefiting from customers opting for the ​telecom provider’s packages bundling wireless and high-speed fiber services.

AT&T Inc. (NYSE:T)’s total revenue was up 2.9% YoY in the first quarter, while service revenues were up 1.4%.  The company reported an adjusted EPS of $0.57 in Q1 and continues to expect a full-year adjusted EPS in the $2.25 to $2.35 range. Notably, AT&T generated a free cash flow of $2.5 billion during the quarter, which was at the high end of its outlook provided in January. The company is targeting an FCF in the range of $4 billion to $4.5 billion for Q2 and continues to expect $18 billion plus of free cash flows for the full year 2026.