13 Best Technology Dividend Stocks to Invest in

7. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 79

QUALCOMM Incorporated (NASDAQ:QCOM) is a California-based multinational semiconductor manufacturing company that specializes in wireless telecommunications technology. The company is well-positioned to capitalize on the rise of AI and the growing demand for edge computing. Its alliances with major players like Samsung and Google have strengthened its presence across mobile and PC platforms.

In the first quarter of fiscal year 2025, QUALCOMM Incorporated (NASDAQ:QCOM) delivered impressive results, posting $11.7 billion in revenue—up 17.6% from the same period the year before. This marked the third straight quarter of double-digit revenue growth and set a new quarterly record for the company. The chip segment (QCT) was a major contributor, bringing in $10.1 billion in revenue, a 20% increase year-over-year. Within this division, smartphone chip sales climbed 13% to $7.6 billion, automotive revenue soared 61% to $961 million, and the Internet of Things (IoT) segment expanded 36% to $1.5 billion.

QUALCOMM Incorporated (NASDAQ:QCOM) also ended the quarter with a strong financial position, holding over $3.1 billion in cash and cash equivalents. It generated nearly $4.6 billion in operating cash flow and returned $942 million to shareholders through dividends. The company has raised its payouts for 21 consecutive years, coming through as one of the best dividend stocks on our list. With its quarterly dividend standing at $0.89 per share, QCOM offers a dividend yield of 2.53%, as of April 10.