In this article, we will take a look at the 5 Best Fortune 500 Dividend Stocks to Invest In Right Now. For deeper discussion and analysis, please refer to the 10 Best Fortune 500 Dividend Stocks to Invest In Right Now.
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5. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders: 58
Dividend Yield as of April 26: 3.53%
Target Corporation (NYSE:TGT) operates as a general merchandise retailer in the United States.
On April 21, Evercore ISI bumped up its price target on Target Corporation (NYSE:TGT) from $120 to $125, while keeping an ‘In Line’ rating on the shares. However, the raised target still reflects a downside of 3% from the current price levels.
Similarly, the analysts over at Guggenheim also turned more bullish on Target Corporation (NYSE:TGT) on April 20, raising their price target on the stock by $10 while reiterating its ‘Buy’ rating (read more details here).
Target Corporation (NYSE:TGT) expects an adjusted EPS in the range of $7.50 to $8.50 for FY 2026, indicating a YoY growth of 5% to 6%. The company is targeting to grow its net sales in a range of around 2% versus last year, and its operating margin is expected to be approximately 20 basis points higher than the 4.6% adjusted rate delivered in 2025.
Target Corporation (NYSE:TGT) also announced to spend $2 billion in incremental investment across the business this year, “including an additional $1 billion in CapEx to support new stores and remodels and another $1 billion to elevate the guest experience”. The company also revealed plans to open more than 30 new stores this year and over 300 new stores by 2035.
4. United Parcel Service, Inc. (NYSE:UPS)
Number of Hedge Fund Holders: 67
Dividend Yield as of April 26: 6.13%
United Parcel Service, Inc. (NYSE:UPS) provides transportation, distribution, trade, and brokerage services in more than 220 countries and territories.
On April 24, Stifel analyst J. Bruce Chan trimmed the firm’s price target on United Parcel Service, Inc. (NYSE:UPS) from $116 to $114, while maintaining a ‘Buy’ rating on the shares. The lowered target still indicates an upside of over 6% from the current levels.
According to the analyst, United Parcel Service, Inc. (NYSE:UPS) is entering Q1 “at a critical point in its multi-year transformation”, adding that the near-term performance is likely to reflect an international restructuring of the network rather than any real weakness in demand.
UPS is set to announce its Q1 2026 results on April 28. Stifel noted that while this report may be “optically weak”, the company’s management has consistently framed 2026 as a transitional year, with recovery expected to pick up in the latter half of the year.
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.
2. Pfizer Inc. (NYSE:PFE)
Number of Hedge Fund Holders: 81
Dividend Yield as of April 26: 6.37%
Pfizer Inc. (NYSE:PFE) discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States and internationally. The company’s global portfolio includes medicines and vaccines, as well as many of the world’s best-known consumer health care products.
Pfizer Inc. (NYSE:PFE) declared a quarterly dividend of $0.43 per share on April 22, marking the 350th consecutive quarterly dividend paid by the company. The dividend is payable on June 12 to all shareholders as of the May 8 record.
Pfizer Inc. (NYSE:PFE) currently boasts an impressive annual dividend yield of 6.37% and reiterated its commitment to grow this figure even further over time in the last earnings call. PFE was also recently included in our list of the 14 Value Stocks with Highest Dividends.
Pfizer Inc. (NYSE:PFE) is targeting a full-year revenue of $59.5 billion to $62.5 billion, and adjusted EPS in the range of $2.80 to $3.00 for 2026. While its COVID products are expected to trend lower again this year, the company expects stable revenue contributions from its non-COVID product portfolio.
1. Comcast Corporation (NASDAQ:CMCSA)
Number of Hedge Fund Holders: 95
Dividend Yield as of April 26: 4.80%
Topping our list of the Best Large Cap Dividend Stocks is Comcast Corporation (NASDAQ:CMCSA). The company delivers industry-leading broadband, mobile, and entertainment platforms that power incredible experiences for customers globally.
On April 24, Morgan Stanley analyst Sean Diffley raised the firm’s price target on Comcast Corporation (NASDAQ:CMCSA) from $31 to $33, while maintaining an ‘Equal Weight’ rating on the shares. The target boost represents an upside of 20% from the current price levels.
Comcast Corporation (NASDAQ:CMCSA) reported better-than-expected Q1 2026 results on April 23, with the company exceeding estimates in both earnings and revenue. A blockbuster sports lineup helped boost the firm’s subscriber growth and engagement, while its core broadband business shed fewer customers than initially expected.
According to Morgan Stanley, Comcast Corporation (NASDAQ:CMCSA) shares reacted positively to the “less-bad” broadband losses, along with signs that the company’s new go-to-market strategy is gaining traction. This includes the strong wireless additions, as Comcast delivered the best wireless net additions of any quarter in its history. Moreover, the analyst firm highlighted Peacock, which is slowly making its way towards profitability, as well as the company’s openness to strategic possibilities. However, Morgan Stanley expressed concerns regarding the “intense” competition in the broadband business.
While we acknowledge the potential of CMCSA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMCSA and that has 100x upside potential, check out our report about the cheapest AI stock.
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