5 Best NASDAQ Dividend Stocks To Buy

Page 5 of 5

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

Microsoft Corporation (NASDAQ:MSFT) tops our list of the best dividend stocks listed on NASDAQ. In the first quarter of 2023, the company returned $9.7 billion to shareholders in dividends and share repurchases. It currently pays a quarterly dividend of $0.68 per share and has raised its payouts every year for the last 16 years. The stock’s dividend yield on July 6 came in at 0.80%.

At the end of Q1 2023, 289 hedge funds in Insider Monkey’s database owned stakes in Microsoft Corporation (NASDAQ:MSFT), worth collectively nearly $58 billion.

Ariel Investments mentioned Microsoft Corporation (NASDAQ:MSFT) in its first-quarter 2023 investor letter:

“Enterprise software provider, Microsoft Corporation (NASDAQ:MSFT) also traded higher in the period alongside the investor enthusiasm for Artificial Intelligence. Microsoft is well positioned as this new technology advances given its large investment in Open AI, the parent company of ChatGPT. Looking ahead, we continue to like Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within Azure, its hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”

Follow Microsoft Corp (NASDAQ:MSFT)

You can also take a look at 10 Best Natural Gas Stocks to Buy Now and 10 Best Green Energy Penny Stocks to Buy Now

Follow Insider Monkey on Twitter

Page 5 of 5