In this article, we discuss 5 of the best global dividend stocks to buy. If you want to see more of the best global dividend stocks to buy, go directly to 10 Best Global Dividend Stocks To Buy Now.
5. JPMorgan Chase & Co. (NYSE:JPM)
Dividend Yield as of 10/25: 3.26%
Number of Hedge Fund Holders: 104
JPMorgan Chase & Co. (NYSE:JPM) is one of the leading banks in the United States that is also international given its substantial capital markets business. Although JPMorgan Chase & Co. (NYSE:JPM), along with other banks, will face headwinds if the U.S. economy weakens in 2023, banking with great risk management can still be pretty profitable in the long term as leading banks perform essential economic activity of lending out capital.
Since the Great Recession, JPMorgan Chase & Co. (NYSE:JPM)’s net income has more than doubled from 2010 to 2021. With the growth, JPMorgan Chase & Co. (NYSE:JPM)’s earnings per share more than cover its dividend by three times. Share buybacks could also be possible in 2023. As of 10/25, JPMorgan Chase & Co. (NYSE:JPM) shares yield 3.26%.
4. Apple Inc. (NASDAQ:AAPL)
Dividend Yield as of 10/25: 0.6%
Number of Hedge Fund Holders: 128
Apple Inc. (NASDAQ:AAPL) is a global company given that the company sells its iPhones, iPads, and other profitable devices in many countries around the world.
Although Apple Inc. (NASDAQ:AAPL) may not have the highest dividend yield at around 0.6%, Apple Inc. (NASDAQ:AAPL)’s dividend has substantial growth potential given how much the company earns every year. Given how loyal many Apple Inc. (NASDAQ:AAPL) customers are and how innovative the company is, there’s potential for Apple Inc. (NASDAQ:AAPL) to grow in the future too.
Wedgewood Partners commented on Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter,
“Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.”
3. Mastercard Incorporated (NYSE:MA)
Dividend Yield as of 10/25: 0.63%
Number of Hedge Fund Holders: 137
Mastercard Incorporated (NYSE:MA) is a U.S. based company that also has many customers who use its payment solutions overseas. Although Mastercard Incorporated (NYSE:MA) faces currency headwinds internationally due to the strong U.S. dollar which makes its international earnings smaller in U.S. dollar terms, Mastercard Incorporated (NYSE:MA) has substantial and quality earnings potential that makes the stock a likely dividend grower in the future. As of 10/25, Mastercard Incorporated (NYSE:MA) shares yield 0.63%.
2. Visa Inc. (NYSE:V)
Dividend Yield as of 10/25: 0.77%
Number of Hedge Fund Holders: 166
Like Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V) is a U.S based company with many international customers.
In terms of its fiscal fourth quarter, payments at Visa Inc. (NYSE:V) grew 10% and processed transactions rose 12%. Sales rose to $7.79 billion from $6.56 billion and the company reported adjusted earnings of $1.93 per share, up 19% year over year. Given its earnings potential, Visa Inc. (NYSE:V)’s dividend is very secure. As of 10/25, Visa Inc. (NYSE:V) shares yield 0.77% but will likely be higher on 10/26 given that the company recently raised its quarterly dividend by 20% to $0.45 per share.
1. Microsoft Corporation (NASDAQ:MSFT)
Dividend Yield as of 10/25: 1.09%
Number of Hedge Fund Holders: 258
Microsoft Corporation (NASDAQ:MSFT) is a global company given it sells its software around the world.
Microsoft Corporation (NASDAQ:MSFT) is also a dividend stock. Given its history of EPS growth, Microsoft Corporation (NASDAQ:MSFT) has raised its annual dividend for 19 straight years. Given that Microsoft Corporation (NASDAQ:MSFT) share price has also risen substantially in the last 19 years, the company only has a dividend yield of 1.09% as of 10/25. While that might sound low, the company still has a lot of dividend growth potential in the future given Microsoft Corporation (NASDAQ:MSFT)’s growth prospects.
For its first quarter, Microsoft Corporation (NASDAQ:MSFT) reported EPS of $2.35 versus the consensus $2.30, and revenue of $50.12 billion versus $49.61 billion expected by analysts. Although shares fell after hours due to weaker than expected guidance, the company still has strong long term prospects.
At the end of the second quarter, 258 hedge funds in our database owned shares of Microsoft Corporation (NASDAQ:MSFT), ranking the company #1 on our list of 15 Best Global Dividend Stocks To Buy Now.
You can also take a look at 15 Biggest Dow Companies By Market Cap and 12 Best Ethical Stocks To Buy Now.
