5 Best June Dividend Stocks To Buy

In this article, we discuss 5 best June dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 10 Best June Dividend Stocks To Buy. 

5. Telephone and Data Systems, Inc. (NYSE:TDS)

Ex-Dividend Date: June 15
Dividend Yield as of May 27: 11.00%

Telephone and Data Systems, Inc. (NYSE:TDS) is an American telecommunication service company, based in Chicago. In the first quarter of 2023, the company reported mixed results as its revenue fell by 1.5% year-over-year at $1.3 billion. Its operating cash flow for the quarter came in at $46 million. For FY23, the company expects its service revenues to fall between $3.05 billion to $3.15 billion.

On May 19, Telephone and Data Systems, Inc. (NYSE:TDS) declared a quarterly dividend of $0.185 per share, which was in line with its previous dividend. The company has been rewarding shareholders with growing dividends for the past 48 years. The stock’s dividend yield on May 26 came in at 11%. One of the best dividend stocks on our list, TDS will be trading ex-dividend on June 15.

As per Insider Monkey’s database, 19 hedge funds owned stakes in Telephone and Data Systems, Inc. (NYSE:TDS) in Q1 2023, with a collective value of over $56.5 million. Mario Gabelli, Ken Griffin, and Richard Driehaus were some of the company’s major stakeholders in Q1.