5 Dividend Stocks with the Biggest Buyback Programs

In this article, we discuss 5 dividend stocks with the biggest buyback programs. If you want to read our detailed analysis of buyback programs and dividend stocks, go directly to read 10 Dividend Stocks with the Biggest Buyback Programs. 

5. Visa Inc. (NYSE:V)

Stock Buybacks in 12 Months Through September 2023: $12.2 Billion

Visa Inc. (NYSE:V) is an American financial services company that operates one of the world’s largest electronic payment networks. The company pays a quarterly dividend of $0.52 per share and has a dividend yield of 0.76%, as of January 24. It has been rewarding shareholders with 15 consecutive years of dividend growth. With $12.2 billion worth of share buybacks in the 12 months ending September 2023, V is one of the best dividend stocks with the biggest buyback programs on our list.

At the end of the September quarter of 2023, 167 hedge funds in Insider Monkey’s database owned stakes in Visa Inc. (NYSE:V), down slightly from 171 in the previous quarter. These stakes have a consolidated value of more than $24.4 billion. Among these hedge funds, TCI Fund Management was the company’s leading stakeholder in Q3.

4. Chevron Corporation (NYSE:CVX)

Stock Buybacks in 12 Months Through September 2023: $14.7 Billion

An American multinational energy company, Chevron Corporation (NYSE:CVX) is next on our list of the best dividend stocks with the biggest buyback programs. Over the 12 months concluding in September 2023, the company executed share repurchases amounting to $14.7 billion. It has raised its dividends for 36 consecutive years and it offers a quarterly dividend of $1.51 per share. As of January 24, the stock has a dividend yield of 4.19%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 72 funds owned stakes in Chevron Corporation (NYSE:CVX), down slightly from 73 in the preceding quarter. These stakes are worth over $21.4 billion in total. With over 110 million shares, Berkshire Hathaway was the company’s leading stakeholder in Q3.

3. Exxon Mobil Corporation (NYSE:XOM)

Stock Buybacks in 12 Months Through September 2023: $17.7 Billion

Exxon Mobil Corporation (NYSE:XOM) is one of the world’s largest publicly traded multinational energy companies, involved in various aspects of the oil and gas industry. The company pays a quarterly dividend of $0.95 per share, having raised it by 4.4% in October 2023. This marked the company’s 41st consecutive year of dividend growth. The stock has a dividend yield of 3.84%, as of January 24. It is among the best dividend stocks on our list with the biggest buyback programs.

Exxon Mobil Corporation (NYSE:XOM) saw a huge uptick in hedge fund investors at the end of Q3 2023, as 79 funds in Insider Monkey’s database owned stakes in the company, up from 71 in the previous quarter. These stakes have a collective value of over $4.48 billion.

2. Microsoft Corporation (NASDAQ:MSFT)

Stock Buybacks in 12 Months Through September 2023: $21.5 Billion

Microsoft Corporation (NASDAQ:MSFT) is an American multinational tech giant. The company’s dividend growth streak spans over 17 years and it pays a quarterly dividend of $0.75 per share. As of January 24, the stock offers a dividend yield of 0.74%.

Microsoft Corporation (NASDAQ:MSFT) ended the third quarter of 2023 with 306 hedge fund positions, up from 300 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a consolidated value of more than $72 billion.

1. Apple Inc. (NASDAQ:AAPL)

Stock Buybacks in 12 Months Through September 2023: $83 Billion

Apple Inc. (NASDAQ:AAPL) tops our list of the best dividend stocks with the biggest buyback programs in the past 12 months ending September 2023. The company holds an 11-year track record of consistent dividend growth and pays a quarterly dividend of $0.24 per share. As of January 24, the stock offers a dividend yield of 0.49%.

At the end of September 2023, 134 hedge funds held stakes in Apple Inc. (NASDAQ:AAPL), compared with 135 in the previous quarter, according to Insider Monkey’s database. These stakes are collectively valued at nearly $180 billion.

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