5 Cash-Rich Dividend Stocks To Buy Now

In this article, we discuss 5 cash-rich dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 13 Cash-Rich Dividend Stocks To Buy Now.

5. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 65
Operating Cash Flow (TTM): $4.7 billion

Analog Devices, Inc. (NASDAQ:ADI) is an American multinational semiconductor company that specializes in designing and manufacturing a wide range of analog and mixed-signal integrated circuits. It is one of the best cash-rich stocks on our list as the company has been growing its dividends for 20 years straight. The company currently offers a quarterly dividend of $0.86 per share and has a dividend yield of 2.19%, as of October 31.

At the end of Q2 2023, 65 hedge funds in Insider Monkey’s database reported having stakes in Analog Devices, Inc. (NASDAQ:ADI), compared with 73 in the preceding quarter. the consolidated value of these stakes is over $5.1 billion.

4. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 68
Operating Cash Flow (TTM): $8.73 billion

An American fast-food chain, McDonald’s Corporation (NYSE:MCD) is next on our list of the best cash-rich stocks to buy. In October this year, the company increased its dividend for the 47th consecutive year. It currently pays a quarterly dividend of $1.67 per share and has a dividend yield of 2.56%, as of October 31.

The number of hedge funds in Insider Monkey’s database owning stakes in McDonald’s Corporation (NYSE:MCD) jumped to 68 in Q2 2023, from 64 in the previous quarter. The collective value of these stakes is over $4.25 billion.

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 72
Operating Cash Flow (TTM): $17.84 billion

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that specializes in designing and manufacturing semiconductor and infrastructure software solutions. The company’s dividend growth streak currently stands at 12 years and it pays a quarterly dividend of $4.60 per share. the stock’s dividend yield on October 31 came in at 2.20%.

As of the end of the June quarter of 2023, 72 hedge funds in Insider Monkey’s database reported having stakes in Broadcom Inc. (NASDAQ:AVGO), worth collectively nearly $4.2 billion. With over 1.1 million shares, GQG Partners was the company’s leading stakeholder in Q2.

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.

1. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 84
Operating Cash Flow (TTM): $8.28 billion

Union Pacific Corporation (NYSE:UNP) tops our list of the best cash-rich stocks that pay dividends. The American transportation and logistics company. It has been raising its dividends consistently for the past 16 years and currently pays a quarterly dividend of $1.30 per share. As of October 31, the stock has a dividend yield of 2.52%.

Of the 910 hedge funds in Q2 2023, 84 hedge funds tracked by Insider Monkey owned stakes in Union Pacific Corporation (NYSE:UNP), compared with 85 in the previous quarter. The consolidated value of these stakes is over $4.15 billion.

You can also take a look at 11 Best Organic Food and Farming Stocks To Buy and 12 Best Asian Stocks To Buy Now

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