5 Best NASDAQ Dividend Stocks To Buy

In this article, we discuss 5 best NASDAQ dividend stocks to buy. If you want to read our detailed analysis of NASDAQ stocks and the performance of dividend stocks over the years, go directly to read 15 Best NASDAQ Dividend Stocks To Buy. 

5. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 70

Applied Materials, Inc. (NASDAQ:AMAT) is a global leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. On February 20, the company declared a quarterly dividend of $0.32 per share, which was in line with its previous dividend. Overall, it has raised its payouts for six consecutive years. As of March 10, the stock has a dividend yield of 0.62%.

The number of hedge funds in Insider Monkey’s database owning stakes in Applied Materials, Inc. (NASDAQ:AMAT) grew to 70 in Q4 2023, from 68 in the previous quarter. These stakes have a collective value of over $6 billion.

4. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 78

QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational tech company that designs and manufactures semiconductor and telecommunications equipment. On March 5, the company declared a 6.3% hike in its quarterly dividend to $0.85 per share. This stretched the company’s dividend growth streak to an impressive period of 20 years, which makes QCOM one of the best dividend stocks listed on NASDAQ. The stock has a dividend yield of 1.88%, as of March 10.

QUALCOMM Incorporated (NASDAQ:QCOM) ended the fourth quarter with 78 hedge fund positions, jumping significantly from 67 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of nearly $3 billion.

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 91

Broadcom Inc. (NASDAQ:AVGO) is next on our list of the best dividend stocks. The multinational tech company currently offers a quarterly dividend of $5.25 per share for a dividend yield of 1.60%, as of March 10. The company holds a 13-year track record of consistent dividend growth.

According to Insider Monkey’s database of Q4 2023, 91 hedge funds owned stakes in Broadcom Inc. (NASDAQ:AVGO), growing from 87 in the previous quarter. These stakes have a consolidated value of more than $8.8 billion.

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) declared a quarterly dividend of $0.24 per share on February 1, which was consistent with its previous dividend. The multinational tech giant has been rewarding shareholders with growing dividends for the past 11 years. As of March 10, the stock has a dividend yield of 0.56%.

At the end of Q4 2023, 131 hedge funds in Insider Monkey’s database reported having stakes in Apple Inc. (NASDAQ:AAPL), compared with 134 in the previous quarter. The consolidated value of these stakes is over $205.8 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 302

Microsoft Corporation (NASDAQ:MSFT) ranks first on our list of the best dividend stocks from NASDAQ. The company has grown its payouts for 17 years straight and offers a quarterly dividend of $0.75 per share. The stock’s dividend yield on March 10 came in at 0.74%.

Of the 933 hedge funds tracked by Insider Monkey at the end of Q4 2023, 302 funds owned stakes in Microsoft Corporation (NASDAQ:MSFT), down from 306 in the previous quarter. The collective value of these stakes is over $87.3 billion.

You can also take a look at 13 Best Stocks To Buy and Hold Forever and Citrone’s Top 15 Stock Picks