5 Highest Dividend Stocks on Cash App

In this article, we discuss 5 highest dividend stocks on Cash App. If you want to read our detailed analysis of investing through Cash App and the previous performance of dividend stocks, go directly to read 10 Highest Dividend Stocks on Cash App.

5. Comerica Incorporated (NYSE:CMA)

Dividend Yield as of December 18: 5.13%

Comerica Incorporated (NYSE:CMA) is a financial services company primarily engaged in banking, providing a range of financial products and services. The company currently pays a quarterly dividend of $0.71 per share, growing it by 4% in March this year. This was the first time the company raised its payout since the pandemic of 2020, however, its dividends remained stable during that period. With a dividend yield of 5.13%, as of December 18, CMA is one of the best Cash App stocks that pay dividends.

Comerica Incorporated (NYSE:CMA) was a part of 42 hedge fund portfolios at the end of Q3 2023, compared with 46 in the previous quarter, as per Insider Monkey’s database. The total value of stakes owned by these hedge funds is nearly $562 million.

4. Realty Income Corporation (NYSE:O)

Dividend Yield as of December 18: 5.37%

An American real estate investment trust company, Realty Income Corporation (NYSE:O) is one of the best Cash App stocks as the company offers monthly dividends to shareholders. The company maintains a 29-year streak of consistent dividend growth and it pays a monthly dividend of $0.2565 per share. The stock’s dividend yield on December 18 came in at 5.37%.

According to our database of the third quarter of 2023, 23 hedge funds reported having stakes in Realty Income Corporation (NYSE:O), compared with 24 a quarter earlier. These stakes are collectively worth nearly $150 million.

3. 3M Company (NYSE:MMM)

Dividend Yield as of December 18: 5.61%

Minnesota-based multinational conglomerate, 3M Company (NYSE:MMM) is mainly recognized for its innovations in a wide range of products. The company’s products range from everyday consumer items like Post-it Notes and Scotch tape to critical solutions used in industries such as healthcare, automotive, manufacturing, and electronics. It has been raising its dividends consistently for 65 years and it offers a quarterly dividend of $1.50 per share. As of December 18, the stock has a dividend yield of 5.61%.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q3 2023, 54 funds owned stakes in 3M Company (NYSE:MMM), up from 49 in the preceding quarter. These stakes are worth over $818.6 million in total.

2. Pfizer Inc. (NYSE:PFE)

Dividend Yield as of December 18: 6.31%

Pfizer Inc. (NYSE:PFE) is an American multinational pharmaceutical and biotech company. On December 15, the company declared a 2.4% hike in its quarterly dividend to $0.42 per share. Through this increase, the company took its dividend growth streak to 14 years, which makes PFE one of the best Cash App stocks. As of December 18, the stock has a dividend yield of 6.31%.

At the end of the third quarter of 2023, 73 hedge funds owned stakes in Pfizer Inc. (NYSE:PFE), as per Insider Monkey’s database. These stakes have a consolidated value of more than $2.43 billion.

1. AT&T Inc. (NYSE:T)

Dividend Yield as of December 18: 6.72%

AT&T Inc. (NYSE:T) tops our list of the best Cash App stocks that pay dividends. The multinational telecommunications company pays a quarterly dividend of $$0.2775 per share and has a dividend yield of 6.72%, as of December 18. It has been paying regular dividends to shareholders since 1995.

As of the close of the September quarter of 2023, 52 hedge funds tracked by Insider Monkey owned investments in AT&T Inc. (NYSE:T), compared with 56 in the previous quarter. The collective value of these stakes is over $1.74 billion.

You can also take a look at 14 Best Bank Dividend Stocks To Buy Now and 12 High Growth IT Stocks to Buy