Dispersion of carbon nanotubes (CNT) in solvents and/or polymers is essential to reach the full potential of the CNTs in nanocomposite materials. Dispersion of CNTs is especially challenging due to the van-der-Waals attraction forces between the CNTs, which let them tend to re-bundle and/or re-aggregate. This paper presents a brief analysis of the quality and stability of functionalized multiwalled carbon nanotubes (fMWCNT) dispersion on polar solvents. A comparative study of functionalized CNT dispersion in water, methyl, and alcohol-based organic solvents has been carried out and the dispersion has been characterized by UV-VIS spectroscopy, electrochemical characterization such as cyclic voltammetry (CV) and electrochemical impedance spectroscopy (EIS). Visual analysis of the dispersion has been investigated for up to 14 days to assess the dispersion’s stability. Based on the material characterization, it was observed that the degree of affinity fMWCNT with -COOH group highly depends on the polarity of the solvent, where the higher the polarity, the better the interaction of fMWCNT with solvents.