12 Best Fortune 500 Dividend Stocks To Buy Right Now

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1. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 105

Dividend Yield: 2.08%

Market Cap: $710.4 billion

Topping our list of the Best Large Cap Dividend Stocks to Invest In is JPMorgan Chase & Co. (NYSE:JPM), a leader in investment banking, commercial banking, financial transaction processing, and asset management. With assets of $3.9 trillion and clients in over 100 countries worldwide, the company’s extensive reach and diversification have been a key factor in its ability to navigate challenging market conditions.

JPMorgan Chase & Co. (NYSE:JPM) showed strong performance in 2024, reporting its biggest-ever annual profit of $58.5 billion, up 18% from 2023. The increase in earnings is primarily attributed to the financial institution’s dealmakers and traders reaping a windfall from rebounding markets in the fourth quarter. However, the bank’s net interest income (NII) fell 3% to $23.5 billion in Q4 2024, marking the first YoY decline since 2021.

JPMorgan Chase & Co. (NYSE:JPM)’s continued focus on investment banking and wealth management has been instrumental, as evidenced by the significant growth in these areas. The company’s revenue from investment banking fees jumped by 49% YoY in Q4 2024, highlighting strong client activity. JPM’s Asset & Wealth Management division also witnessed a 25% uptick in net income, reaching $1.5 billion, supported by asset under management growth driven by record client inflows. Following the impressive results in 2024, JPMorgan Chase & Co. (NYSE:JPM) closed at an all-time high of $252.35 on January 15th, having gained over 50% in the last year alone.

JPMorgan Chase & Co. (NYSE:JPM) is also an avid dividend payer and cumulatively paid a common dividend of $3.5 billion, or $1.25 per share, in Q4 2024. The company was also included in our list of the Top Dividend Stocks of 2024

Overall JPM ranks first on our list of the best large-cap dividend stocks to buy now. While we acknowledge the potential for JPM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JPM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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