15 Best NASDAQ Dividend Stocks To Buy

8. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 72

Comcast Corporation (NASDAQ:CMCSA) ranks eighth on our list of the best dividend stocks. The American telecommunications company offers a wide range of mobile phone and cable TV services. The company delivered strong earnings in Q3 2024, reporting $32.07 billion in revenue, a 7% increase from the same quarter the previous year. The company showed solid performance with a 3.6% rise in broadband average revenue per user (ARPU) and 5% growth in its connectivity segment. The Connectivity & Platforms division posted an adjusted EBITDA margin of 40.9%. Additionally, Comcast’s hosting of the Paris Summer Olympics significantly boosted Peacock’s revenue and subscriber base, further cementing NBC’s position as the top network for the 2023-2024 season.

Despite producing solid earnings, Comcast Corporation (NASDAQ:CMCSA) has fallen by over 15% in the past 12 months. One of the reasons for this decline is that the company encountered a setback, warning of an expected loss of over 100,000 broadband subscribers this quarter. This decline exceeds the total net loss from the first half of the year and reflects a worsening trend, following the 87,000 internet accounts lost in the third quarter.

Comcast Corporation (NASDAQ:CMCSA) maintained a strong cash position from a dividend perspective. In the latest quarter, it generated over $7 billion in operating cash flow, with free cash flow exceeding $3.4 billion. The company also returned $1.2 billion to shareholders through dividends. On January 7, it announced a quarterly dividend of $0.31 per share, consistent with its previous payouts. With 16 years of consecutive dividend growth, CMCSA is one of the best dividend stocks on our list. The stock supports a dividend yield of 3.40%, as of January 15.

Comcast Corporation (NASDAQ:CMCSA) also experienced a positive hedge fund sentiment in Q3 2024. 72 hedge funds tracked by Insider Monkey held stakes in the company in Q3, up from 61 in the preceding quarter. Their collective stake value is more than $5.44 billion. With over 31.8 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q3.