5 Best High Dividend Stocks Under $50

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

Number of Hedge Fund Holders: 68
Dividend Yield: 8.22%
Share Price as of October 14: $25.69

AT&T Inc. (NYSE:T), a Delaware-based telecom company, is recently upgraded by KeyBanc to Sector Perform, with a $32 price target. The firm’s analyst appreciated the company for showing improved results in the past year and safe dividend payouts.

AT&T Inc. (NYSE:T) has a track record of 36 years of consistent dividend growth. The company currently pays an annual dividend of $2.08 per share, yielding 8.22%. As of Q2 2021, the number of hedge funds tracked by Insider Monkey having stakes in AT&T Inc. (NYSE:T) grew to 68 from 63 in the previous quarter. The total value of these stakes is over $2.8 billion.

Nelson Capital Management mentioned AT&T Inc. (NYSE:T) in its Q1 2021 investor letter. Here is what the firm has to say:

“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”