5 Best Value Dividend Stocks to Buy Now

2. TELUS Corporation (NYSE: TU)

Number of Hedge Fund Holders: 13
Dividend Yield: 4.44%

TELUS Corporation (NYSE: TU), a communication services company, is next on our list of the best value dividend stocks to buy now and ranks 2nd. The company operates through its Wireless and Wireline segments to provide communications services in Canada.

Desjardins just this August raised the price target on shares of TELUS Corporation (NYSE: TU) to $23.54 while reiterating a Buy rating on the stock.

In the second quarter of 2021, TELUS Corporation (NYSE: TU) had an EPS of $0.21, beating estimates by $0.01. The company’s revenue was $3.29 billion, up 18.35% year over year and beating estimates by $29.01 million. TELUS Corporation (NYSE: TU) has gained 12.86% in the past 6 months and 15.02% year to date.

By the end of the second quarter of 2021, 13 hedge funds out of the 873 tracked by Insider Monkey held stakes in TELUS Corporation (NYSE: TU) worth roughly $215 million. This is compared to 18 hedge funds in the previous quarter with a total stake value of approximately $200 million.