25 Best Dividend Stocks to Buy According to Billionaires

2. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Billionaire Investors: 19

Dividend Yield as of March 3: 2.17%

QUALCOMM Incorporated (NASDAQ:QCOM) is an American semiconductor company. In fiscal Q1 2025, the company reported revenue of $11.7 billion, reflecting a 17.6% increase compared to the same period the previous year. This marked the third consecutive quarter of double-digit revenue growth, setting a new record for quarterly sales. The company’s chip division (QCT) generated $10.1 billion in revenue, up 20% year-over-year. Handset sales, including smartphones, grew by 13% to $7.6 billion, while automotive revenue surged 61% to $961 million. In addition, revenue from the Internet of Things (IoT) segment rose 36% to $1.5 billion.

With a solid financial foundation and strong research and development capabilities, QUALCOMM Incorporated (NASDAQ:QCOM) is well-positioned to expand into high-growth markets such as robotics chips. As automation continues to reshape industries like manufacturing, logistics, and services, the demand for advanced robotics technology is expected to rise, presenting new opportunities for the company. The company’s state-of-the-art semiconductor designs, including its custom “Oryon” cores used in the Snapdragon X Elite and Snapdragon 8 Elite, offer superior performance and energy efficiency—essential for real-time decision-making in robotics applications.

QUALCOMM Incorporated (NASDAQ:QCOM)’s financial standing remained strong in the latest quarter, with over $3.1 billion in cash and cash equivalents. Operating cash flow reached nearly $4.6 billion, and it returned $942 million to shareholders through dividends during the period. The company’s quarterly dividend comes in at $0.85 per share and has a dividend yield of 2.17%, as of March 3.