10 Best Value Dividend Stocks to Invest in According to the Media

4. QUALCOMM Incorporated (NASDAQ:QCOM)

Forward P/E Ratios: 11.75

QUALCOMM Incorporated (NASDAQ:QCOM) ranked fourth on our list of the best value stocks that pay dividends. The American semiconductor manufacturing company is headquartered in California. Though best known for its wireless technology, the company also offers a broad portfolio that includes software, processors, and modems. Its Snapdragon system-on-chip (SoC) products power many leading virtual reality (VR) devices currently on the market. One example is Axon’s VR training program, which utilizes the HTC Vive Focus 3 headset, powered by Qualcomm’s Snapdragon XR2 platform.

In the first quarter of fiscal 2025, QUALCOMM Incorporated (NASDAQ:QCOM) posted strong results, reporting $11.7 billion in revenue, a 17.6% year-over-year increase. This marked the company’s third consecutive quarter of double-digit revenue growth and set a new all-time high. Its core chip segment, QCT, generated $10.1 billion, rising 20% year-over-year. Key growth drivers included a 13% increase in smartphone chip revenue to $7.6 billion, a 61% surge in automotive revenue to $961 million, and a 36% jump in Internet of Things (IoT) sales to $1.5 billion.

QUALCOMM Incorporated (NASDAQ:QCOM) ended the quarter with a solid financial position, holding over $3.1 billion in cash and cash equivalents. The company also generated nearly $4.6 billion in operating cash flow and returned $942 million to shareholders via dividend payouts. It currently offers a quarterly dividend of $0.89 per share and has a dividend yield of 2.61%, as of April 21. The company’s dividend growth streak spans 21 years, which makes it a reliable option for income investors.