In this article, we discuss 5 most profitable dividend stocks. If you want to see more most profitable dividend stocks, the risk/reward, and methodology of this list, go directly to 15 Most Profitable Dividend Stocks.
This article describes United States companies that rank among the most profitable in 2022 that also pay a dividend. Although they were profitable in 2022, their shares could decrease if they do not meet market expectations.
5. Chevron Corporation (NYSE:CVX)
Net Income (TTM) as of December 31, 2022: $35.46 billion
Dividend Yield as of 2/14: 3.51%
Chevron Corporation (NYSE:CVX) ranks #5 on our list of 15 Most Profitable Dividend Stocks given its net income of $35.46 billion in 2022 according to YCharts. Considering the Russia Ukraine war, oil supply has decreased while demand has remained relatively strong. As a result of supply and demand, oil prices have increased from 2021 and Chevron Corporation (NYSE:CVX) has had higher profits. As of 2/14, Chevron Corporation (NYSE:CVX) has a dividend yield of 3.51%. In the future, Chevron Corporation (NYSE:CVX) might not be as profitable and its stock could go lower if oil prices decrease and the company fails to innovate to compensate for the changes.
4. JPMorgan Chase & Co. (NYSE:JPM)
Net Income (TTM) as of December 31, 2022: $37.68 billion
Dividend Yield as of 2/14: 2.79%
JPMorgan Chase & Co. (NYSE:JPM) is America’s most profitable bank with 2022 net income of $37.68 billion according to YCharts. In addition to having a dividend yield of 2.79% as of February 14, JPMorgan Chase & Co. (NYSE:JPM) could also potentially restart stock repurchases this year. In terms of estimates, analysts expect JPMorgan Chase & Co. (NYSE:JPM) to earn $11.62 per share in 2022, $12.99 per share in 2023, $13.66 per share in 2024, and $14.97 per share in 2025.
3. Exxon Mobil Corporation (NYSE:XOM)
Net Income (TTM) as of December 31, 2022: $55.74 billion
Dividend Yield as of 2/14: 3.13%
Exxon Mobil Corporation (NYSE:XOM) was the most profitable American oil and gas company in 2022 with net income of $55.74 billion for the year. Although the company’s profits rose last year given substantially higher oil and gas prices, Exxon Mobil Corporation (NYSE:XOM) profits could decrease if oil and gas prices decline. As of 2/14, Exxon Mobil Corporation (NYSE:XOM) has a dividend yield of 3.13%.
2. Microsoft Corporation (NASDAQ:MSFT)
Net Income (TTM) as of December 31, 2022: $67.45 billion
Dividend Yield as of 2/14: 1%
Although not many people view it as a dividend stock, Microsoft Corporation (NASDAQ:MSFT) has increased its annual dividend for 20 straight years. In 2022, Microsoft Corporation (NASDAQ:MSFT) also ranks among the most profitable American companies with a net income of $67.45 billion. As of 2/14, Microsoft Corporation (NASDAQ:MSFT) has a dividend yield of 1% and a forward P/E of 25.36. One reason for the relatively high forward P/E is that the market is anticipating that Microsoft Corporation (NASDAQ:MSFT) will be one of the leaders in terms of AI in the future. Whether that happens will depend on how well the company’s AI product do.
1. Apple Inc. (NASDAQ:AAPL)
Net Income (TTM) as of December 31, 2022: $95.17 billion
Dividend Yield as of 2/14: 0.60%
Apple Inc. (NASDAQ:AAPL) ranks #1 on our list of 15 Most Profitable Dividend Stocks given its net income of $95.17 billion in 2022 according to YCharts. In terms of its dividend, Apple Inc. (NASDAQ:AAPL) has raised its annual dividend for 11 consecutive years and the iPhone maker currently has a dividend yield of 0.6% and a forward P/E ratio of 23.26.
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