5 Best Telecom Dividend Stocks To Buy for 2023

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

Number of Hedge Fund Holders: 55

AT&T Inc. (NYSE:T) is an American multinational telecommunication holding company and is one of the best dividend stocks on our list. The company offers a quarterly dividend of $0.2775 per share and has a dividend yield of 5.56%, as of April 12.

AT&T Inc. (NYSE:T) delivered a 6.5% return to shareholders year-to-date and its 12-month return came in at 2.15%, as of the close of April 12.

As of the close of Q4 2022, 55 hedge funds in Insider Monkey’s database reported having stakes in AT&T Inc. (NYSE:T), down from 61 in the previous quarter. The collective value of these stakes is over $1.56 billion.

Chartwell Investment Partners mentioned AT&T Inc. (NYSE:T) in its Q2 2022 investor letter. Here is what the firm has to say:

“In the Dividend Equity accounts, the three best performers in Q2 includes AT&T (NYSE:T, 2.5%), up 17.1%. AT&T completed the spin of the WarnerMedia business (HBO, CNN, etc.), and the market seemed to like the “back-to-basics” approach. Also, the telco business is expected to do relatively well in an inflationary environment.”