5 Best Telecom Dividend Stocks To Buy for 2024

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In this article, we discuss 5 best telecom dividend stocks to buy for 2024. If you want to read our detailed analysis of the telecom industry, its performance, and outlook for 2024, go directly to read 10 Best Telecom Dividend Stocks To Buy for 2024

5. American Tower Corporation (NYSE:AMT)

Number of Hedge Fund Holders: 56

American Tower Corporation (NYSE:AMT) is a leading owner, operator, and developer of multitenant communications real estate. Essentially, the company specializes in owning and leasing space on cell towers, rooftops, and other structures for wireless communications. Currently, the company offers a quarterly dividend of $1.70 per share, having raised it by 4.9% in December 2023. It has been growing its dividends for the past 13 consecutive years, which makes AMT one of the best dividend stocks in the telecom sector. The stock has a dividend yield of 3.63%, as of February 18.

As of the end of Q4 2023, 56 hedge funds in Insider Monkey’s database reported holding stakes in American Tower Corporation (NYSE:AMT), compared with 60 in the previous quarter. With nearly 7 million shares, Akre Capital Management was the company’s leading stakeholder in Q4.

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