5 Cash-Rich Dividend Stocks To Buy Now

2. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 73
Operating Cash Flow (TTM): $8.65 billion

QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational semiconductor and telecommunications equipment company. In its most recent quarter, the company returned $893 million to shareholders through dividends, which makes it one of the best cash-rich stocks to buy. In addition to this, the company has been raising its dividends for the past 19 years. It currently pays a quarterly dividend of $0.80 per share and has a dividend yield of 2.95%, as of October 31.

At the end of Q2 2023, 73 hedge funds tracked by Insider Monkey reported having stakes in QUALCOMM Incorporated (NASDAQ:QCOM), up from 69 in the previous quarter. The overall value of these stakes is over $2.3 billion.

Follow Qualcomm Inc (NASDAQ:QCOM)