Dividend Stock Portfolio For Income: Top 10 Stocks to Buy

4. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 79

An American semiconductor company, QUALCOMM Incorporated (NASDAQ:QCOM) ranks fourth on our list of the best stocks for a dividend stock portfolio. In fiscal Q1 2025, the company reported revenue of $11.7 billion, which showed a 17.6% growth from the same period last year. For the third consecutive quarter, Qualcomm delivered double-digit revenue growth, achieving a new record for quarterly sales. Its chip division (QCT) saw a 20% increase in revenue, reaching $10.1 billion. Sales from handsets, including smartphones, rose 13% to $7.6 billion, while automotive revenue experienced a significant 61% jump to $961 million. Meanwhile, revenue from the Internet of Things (IoT) segment climbed 36% to $1.5 billion.

QUALCOMM Incorporated (NASDAQ:QCOM)’s solid financial position and strong research and development capabilities indicate potential for expansion into emerging high-growth sectors, such as robotics chips. With automation gaining traction across industries like manufacturing, logistics, and services, the robotics market is expected to grow rapidly, creating opportunities for the company. The company’s cutting-edge semiconductor designs, including its custom “Oryon” cores featured in the Snapdragon X Elite and Snapdragon 8 Elite, provide enhanced performance and energy efficiency—crucial attributes for real-time decision-making in robotics applications.

QUALCOMM Incorporated (NASDAQ:QCOM)’s cash position came in strong in the most recent quarter. It had over $3.1 billion available in cash and cash equivalents and its operating cash flow came in at nearly $4.6 billion. During the quarter, it also returned $942 million to shareholders through dividends. The company pays a quarterly dividend of $0.85 per share for a dividend yield of 2.11%, as recorded on February 25. It has been rewarding shareholders with growing dividends for the past 20 years.