15 Best S&P 500 Dividend Stocks to Buy Now

8. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 80

Comcast Corporation (NASDAQ:CMCSA) is an American telecommunications company that offers a wide range of mobile phone and cable TV services. In the fourth quarter of 2024, the company posted revenue of nearly $32 billion, up 2.1% from the same period last year. The company’s strong performance was driven by achievements across its six growth businesses. Connectivity revenue saw a 5% increase despite intense market competition, while mobile services expanded with the addition of 1.2 million new lines. Business Services also reported a 5% rise in revenue.

In the media segment, Comcast Corporation (NASDAQ:CMCSA)’s studios secured the second spot in worldwide box office rankings, reflecting a successful year. Meanwhile, its streaming platform, Peacock, recorded a 46% surge in revenue, supported by a diverse mix of sports and entertainment content, including the highly successful Paris Olympics. In addition, the company’s ongoing investment in multi-gigabit symmetrical speeds enhances its competitive edge, allowing it to keep pace with growing data consumption needs fueled by streaming and other high-bandwidth applications.

Comcast Corporation (NASDAQ:CMCSA)’s cash position also came in strong. In the most recent quarter, the company reported an operating cash flow of over $8 billion, up from 6 billion in the same period last year. Its free cash flow also jumped to $3.26 billion, from $1.7 billion in the prior-year period. During the quarter, the company also returned $1.2 billion to shareholders through dividends, which makes it one of the best dividend stocks. It offers a quarterly dividend of $0.33 per share and has a dividend yield of 3.71%, as of February 27. The company has raised its payouts for 17 consecutive years.