In this article, we will be looking at the 5 best high yield dividend stocks under $50. To read our detailed analysis of dividend investing, you can go directly to the 10 Best High Yield Dividend Stocks Under $50.
5. AT&T Inc. (NYSE: T)
Number of Hedge Fund Holders: 63
Dividend Yield: 7.23%
AT&T Inc. (NYSE: T) is a telecommunications, media, and technology services provider operating worldwide. The company has three segments: Communications, WarnerMedia, and Latin America. It ranks 5th on our list of the best high yield dividend stocks under $50.
On June 30th, it was revealed that AT&T Inc. (NYSE: T) would be moving its 5G mobile network to Microsoft Corporation’s (NASDAQ: MSFT) Azure for Operator’s cloud in a strategic move. The company’s WarnerMedia segment is also bringing in $1.4 billion through the sale of Playdemic to Electronic Arts Inc. (NASDAQ: EA). In the first quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.86, beating estimates by $0.08. The company’s revenue was $43.94 billion, up 2.71% year over year and beating estimates by $1.27 billion, and it has a gross profit margin of 52.68%. The stock has a forward PE ratio of 9.17.
By the end of the first quarter of 2021, 63 hedge funds out of the 866 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T), worth about $2.7 billion. This is compared to 58 hedge fund holders in the previous quarter, holding stakes worth roughly $1.04 billion.