5 Most Profitable Dividend Stocks

In this piece, we will take a look at the five most profitable dividend stocks. If you want to learn more about dividend investing, then check out 16 Most Profitable Dividend Stocks.

5. Industrial and Commercial Bank of China Limited (SEHK:1398.HK)

Trailing Twelve Month Net Income: $49.47 billion (1HKD = 0.17USD)

Trailing Annual Dividend Yield: 8.23%

Industrial and Commercial Bank of China Limited (SEHK:1398.HK) is a Chinese bank that serves the needs of both individuals and businesses. Like China Construction Bank, its profit growth for the first half of 2023 was rather muted as the bank reported a 1.2% annual net income growth.

4. Exxon Mobil Corporation (NYSE:XOM)

Trailing Twelve Month Net Income: $55.7 billion

Trailing Annual Dividend Yield: 3.18%

Exxon Mobil Corporation (NYSE:XOM) is a diversified oil company. Like Shell, it also has eyes in the LNG market and is currently interested in exploring options for selling the fuel in China.

71 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had bought Exxon Mobil Corporation (NYSE:XOM)’s shares. Jean-Marie Eveillard’s First Eagle Investment Management is the biggest stakeholder out of these since it owns 13.3 million shares that are worth $1.4 billion.

3. Microsoft Corporation (NASDAQ:MSFT)

Trailing Twelve Month Net Income: $67.4 billion

Trailing Annual Dividend Yield: 0.82%

Microsoft Corporation (NASDAQ:MSFT) is a mega cap technology company. The firm is facing a bit of controversy these days after a Microsoft engineer’s account was hacked to allow Chinese hackers to gain information about U.S. government officials from the Commerce Department.

During this year’s second quarter, 300 out of the 910 hedge funds polled by Insider Monkey had owned a stake in the company. Microsoft Corporation (NASDAQ:MSFT)’s largest investor in our database is Michael Larson’s Bill & Melinda Gates Foundation Trust through its $13.3 billion investment.

2. Apple Inc. (NASDAQ:AAPL)

Trailing Twelve Month Net Income: $95.1 billion

Trailing Annual Dividend Yield: 0.49%

Apple Inc. (NASDAQ:AAPL) is the most valuable energy company in the world. The firm’s shares have struggled during the second half of 2023, and they were dealt another blow in September after a report claimed that China has banned government officials from using iPhones. Apple is also heading towards its September iPhone refresh event.

135 hedge funds among the 910 covered by Insider Monkey’s Q2 2023 research were Apple Inc. (NASDAQ:AAPL)’s investors. Out of these, the biggest shareholder is Warren Buffett’s Berkshire Hathaway since it owns $177 billion worth of shares.

1. Saudi Arabian Oil Company (TADAWUL:2222.SR)

Trailing Twelve Month Net Income: $156.77 billion (1SAR = 0.27USD)

Trailing Annual Dividend Yield: 3.96%

Saudi Arabian Oil Company (TADAWUL:2222.SR), also known as Aramco, is the biggest oil company in the world. The firm’s second quarter of 2023 profits tanked by a massive 40% after global energy markets stabilized after the turmoil from Russia’s Ukraine war. However, in order to keep investors happy, Aramco also announced a dividend increase. Its biggest shareholder is the Saudi Government, which makes money from the company through dividends that enable Saudi Arabia to balance its budget.

Disclosure: None.  You can also take a look at 18 Biggest Generative AI Companies In The World and Goldman Sachs Dividend Stocks: Top 12 Stock Picks.

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