5 Dividend Stocks to Buy According to Nicholas Bagnall’s Te Ahumairangi Investment Management

2. AT&T Inc. (NYSE:T) 

Te Ahumairangi Investment Management’s Stake Value: $12,954,000

Percentage of Te Ahumairangi Investment Management’s 13F Portfolio: 1.69%

Dividend Yield: 7.99%

Number of Hedge Fund Holders: 68

AT&T Inc. (NYSE:T) is a Texas-based multinational conglomerate holding company, which is the largest global telecommunications company, as well as the leading US mobile telephone services provider. AT&T Inc. (NYSE:T) is engaged in services like satellite television, internet, broadband, digital television, podcasts, radio, and the like. AT&T Inc. (NYSE:T) is traded as a S&P 100 Component. It is one of the top stock picks by Nicholas Bagnall’s Te Ahumairangi Investment Management for dividend investors, with a yield of 7.99%. 

Nicholas Bagnall’s Te Ahumairangi Investment Management owns 450,094 shares in AT&T Inc. (NYSE:T), worth $12.95 million, making up 1.69% of Bagnall’s 13F portfolio. 

Here is what Nelson Capital Management has to say about AT&T Inc. (NYSE:T) in its Q1 2021 investor letter:

“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”